Tenaris announced an agreement to purchase, subject to regulatory approval, the remaining 50% interest in Socotherm Brasil from Socotherm Americas, a division of ShawCor.
Socotherm Brasil operates a pipe-coating facility managed by Tenaris located near the Confab welded pipe mill in Pindamonhangaba, Brazil. The company has been a 50-50 joint venture between Tenaris and Socotherm Americas.
“The integration of this coating company with our operations will enable Tenaris to better serve our customers, offering a complete pipe and coating solution mainly for the Oil and Gas industry worldwide”, said Renato Catallini, President of Tenaris in Brazil.
Tenaris will continue its strategic relationship with Socotherm and ShawCor worldwide as suppliers of coating solutions for our pipeline projects.
