Tenaris and Sandvik go into strategic cooperation
Tenaris SA and Sandvik Materials Technology have concluded a strategic cooperation under which Tenaris becomes the worldwide distributor of Sandvik's seamless,
stainless steel downhole
production tubing and other high performance products.
Tenaris and Sandvik have further agreed to work together to identify and develop new
tubular products for the oil and gas industry.
Tenaris is a leading manufacturer of seamless steel
pipe products. It has
pipe manufacturing facilities in
Argentina,
Brazil,
Canada,
Italy,
Japan,
Mexico and
Venezuela.
Sandvik Materials Technology, part of Sandvik Group, is a world leading producer of high technology
stainless steels, special alloy materials and value added products.