Tenaris
 |
|
| Sociedad Anónima | |
| Traded as |
BIT: TEN : TS : TS : TS |
| Industry | Oilfield services |
| Founded | 2001 |
| Headquarters | Luxembourg City, Luxembourg |
|
Key people
|
Paolo Rocca (Chairman and CEO) |
| Products | Steel pipes for oil and gas, energy and automotive industries |
| Revenue |
 US$10.8 billion (2012)
|
| Profit |
US$1.6 billion (2012)
|
|
Number of employees
|
25,420 |
| Parent | Techint |
| Website | www.tenaris.com |
Tenaris is a global manufacturer and supplier of steel pipes and related services, primarily for the energy industry with nearly 21,750 employees around the world. It is a majority-owned subsidiary company of the Techint Group, which has interests in steel, energy, engineering and construction and industrial equipment.
It is headquartered in Luxembourg and is also a supplier of welded steel pipes for gas pipelines in South America. With manufacturing facilities in Argentina, Brazil, Canada, China, Colombia, Italy, Japan, Mexico, Romania, and USA and a network of customer service centers in over 20 countries. Tenaris has an annual production capacity of 3.3 million tons of seamless, and 2.8 million tons of welded pipes, annual consolidated net sales in excess of US$12.1 billion (2008) and 23,500 employees worldwide. Tenaris has recently bought Hydril and later split the premium connections from pressure control side of the business. The pressure control business was sold to GE Oil and Gas in April 2008.
The company's CEO is Paolo Rocca; its CFO is Edgardo G. Carlos, its CIO is Carlos Pappier and its Planning Director is Alejandro Lammertyn.
On 17 May 2011, Tenaris agreed to pay the US Department of Justice US$8.9 million in the first ever deferred prosecution agreement with the Securities and Exchange Commission.
A settlement was reached after Tenaris voluntarily disclosed details of illicit payments made to officials of an Uzbek state-controlled oil firm which were not properly recorded in the company's financial statements.
According to the Department of Justice, Tenaris paid bribes through local agents to obtain competitor’s bid information, which it used to submit revised bids in order to secure tenders.
...
Wikipedia