Tenaris is building a new threading facility for OCTG products in Machachi, Ecuador, according to a press release from the company. In its initial phase, the facility will have a value of approximately US$15 million.
Tenaris said that this initiative aims to strengthen Tenaris' local presence in Ecuador, which has grown over the past 10 years through a commercial office and service centers. The new facility will encourage the industrial integration of the national market, adding value with high technology products.
The facility will finish casing and tubing in a wide range of sizes. Its production will be devoted to serving the Ecuadorian energy industry with state-of-the-art OCTG. The new facility will extend over four hectares. In addition to the finishing shop, it will also include a yard with sufficient capacity to provide flexible deliveries to customers operating locally.