Tenaris completes US$28 million Acindar acquisition
Tenaris S.A. has finalized its acquisition of the facilities and welded
pipe assets of Acindar Industria
Argentina de Aceros S.A. (Acindar) for US$28 million, through its Argentine welded
pipe subsidiary, Siat S.A.
The facilities acquired are located in Villa Constutucion, Santa Fe, and have an annual capacity of 80,000 tons of small diameter welded
pipe. This complements the range of pipes currently produced by Tenaris in
Argentina.
Tenaris is at the forefront of global steel
pipe production. The company has an extensive network of manufacture facilities, including locations in
Brazil,
Argentina,
Canada,
Japan,
Italy,
Romania,
Venezuela and a head office in
Luxembourg.