Tenaris
Tenaris S.A., organized in Luxembourg, is a manufacturer and supplier of steel pipes and related services for the petroleum industry. The company produces and ships over 4 million tons of pipes annually. In 2023, 53% of the company's sales were to North America, 22% of sales were to South America, 18% of sales were to the Asia-Pacific, and 7% of sales were to Europe.
The company owns 11.46% of Ternium, 3.96% of the share capital of Usiminas, and 22% of Techgen.
The company is 60.45% owned by Techint, which is controlled by San Faustin S.A., which is in turn controlled by Rocca & Partners Stichting Administratiekantoor Aandelen San Faustin, a Stichting, while 38.41% of the company is publicly traded.
History
Tenaris traces its roots to the formation of Siderca, the sole Argentine producer of seamless steel pipe products by the predecessor of San Faustin in 1948. Tenaris was organized on December 17, 2001.In June 2006, the company acquired Maverick Tube for $3.185 billion.
In September 2006, it sold 75% of Dalmine, its Italian energy supply business, to E.ON for €39 million.
In 2007, the company acquired Hydril for $2.16 billion. The pressure control business was sold to GE Oil and Gas in April 2008.
In January 2020, the company acquired IPSCO Tubulars from OAO TMK for $1.2 billion.