This website requires certain cookies to work and uses other cookies to help you have the best experience. By visiting this website, certain cookies have already been set, which you may delete and block. By closing this message or continuing to use our site, you agree to the use of cookies. Visit our updated privacy and cookie policy to learn more.
This Website Uses Cookies By closing this message or continuing to use our site, you agree to our cookie policy. Learn MoreThis website requires certain cookies to work and uses other cookies to help you have the best experience. By visiting this website, certain cookies have already been set, which you may delete and block. By closing this message or continuing to use our site, you agree to the use of cookies. Visit our updated privacy and cookie policy to learn more.
Tenaris S.A. entered into a definitive agreement to acquire from PAO TMK, a Russian manufacturer of steel pipe, 100% of the shares of its wholly owned U.S. subsidiary IPSCO Tubulars Inc. for $1.2 billion. IPSCO Tubulars is a U.S. domestic producer of seamless and welded OCTG and line pipe products with an annual production capacity of 450,000 metric tons of steel bars, 400,000 metric tons of seamless pipe and 1,000,000 metric tons of welded pipe. The acquisition will add a first U.S. steel bar production facility at Koppel, Pa.; complement Tenaris’ seamless production in Bay City, Texas, with a second facility in Ambridge, Pa.; and bring additional heat-treatment, welding and finishing facilities to better serve customers.
Atmosphere thermal processing improves the properties of fabricated metals. Operations include annealing, brazing, sintering (for powdered metals, metal injection molding and additive manufacturing) and glass or ceramic-to-metal sealing.
