Tenaris officially inaugurated its new finishing mill in Machachi, Ecuador, on 16 September 2014 in the presence of local authorities, community members and employees. The result of a USD 16M investment plan that began in late 2012, the project shows Tenarisâ commitment to Ecuador and the development of its national industry.
The new OCTG threading facility occupies an area of about 70,000m2 and has a production capacity of 35,000 tons of pipes a year. It incorporates state-of-the-art technology to produce pipes of different diameters in accordance with the highest health, safety and environmental standards.
Photo courtesy of Tenaris
Ricardo Prosperi, Tenaris managing director for the Andean Region, thanked customers for their trust and support throughout these years and highlighted the Ecuadorian governmentâs commitment to industrial development. âOil and gas exploration and production activity in Ecuador is going through an outstanding performance period that would lead into the industrial growth of the country and its regions.â?