Tenaris S.A.
Capital Structure
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in mil. unless spec.Company Description
- CEO
- Gabriel Podskubka
- Full Time Employees
- 24,875
- Sector
- Non-energy minerals
- Industry
- Steel
- Address
- 26, Boulevard Royal Luxembourg LU Luxembourg 2449
- IPO Date
- Dec 16, 2002
- Website
- tenaris.com
- Similar Companies
- Business
- Tenaris S.A. manufactures and supplies seamless and welded steel tubular products and related services primarily for the oil and gas industry and other industrial applications. The company offers oil country tubular goods (OCTG), including casing, tubing, premium connections, and sucker rods; line pipe for offshore and onshore applications; Rig Direct services; artificial lift systems; coiled tubing; hydrocarbon processing components; power generation pipes; and products for low-carbon energy, industrial, mechanical, structural, and automotive uses. Tenaris operates production facilities and service centers across North America, South America, Europe, the Middle East, Africa, and Asia Pacific, with headquarters in Luxembourg City, Luxembourg; it traces its origins to 2001 through the consolidation of steel pipe operations dating back to the mid-20th century under the Techint Group. In recent developments, Tenaris completes multi-billion dollar share buyback programs, including a USD 1.2 billion initiative with tranches executed through 2025; its subsidiary Steel Recycling Services acquires the Beaver Falls scrap processing yard adjacent to its Pennsylvania steelmaking facility in 2025 to integrate scrap processing and optimize U.S. production; and the company invests over USD 72 million since 2016 in its Midland, Texas service center, including a USD 12.5 million rail spur project starting in 2026 to enhance Permian Basin efficiency and reduce emissions.
Company News
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Tenaris inaugurates new service center in Suriname to support TotalEnergies's GranMorgu offshore project
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Tenaris announces $306 million CAD investment to strengthen its Sault Ste. Marie industrial centre, backed by federal and provincial governments
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Shareholders approve all resolutions on the agendas of Tenaris's Annual General Meeting and Extraordinary General Meeting of Shareholders
Tenaris to Acquire Artrom Steel Tubes S.A. seamless pipe manufacturing plant in Romania
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