Tenaris plans to invest $200 million in its mill in Cartagena de las Indias, Colombia. The investment will include the construction of a new heat-treatment facility and the incorporation of new cutting-edge technology for ultrasound inspection and finishing. The products manufactured with this machinery will be used in demanding applications both domestically and internationally. Tenaris will hire approximately 600 people for the construction of the heat-treatment facility, which is expected to be inaugurated in 2014.
The technology to be implemented in the new facility has
been designed to meet the company’s high environmental standards, as Tenaris
seeks to comply with leading international norms while optimizing the
consumption of energy and gas. The investment is a continuation of the ongoing
investments that have been taking place since the mill, which has an annual
production capacity of 160,000 tons, became part of Tenaris in 2006.