Industry News

Tenaris Acquires Shawcors for Pipe and Coatings Solutions in Brazil

Published on 2014-09-08. Author : SpecialChem

Tenaris confirms the purchase of the remaining 50% of the participation of Socotherm Brazil, which belonged to Socotherm Americas – a division of ShawCor.

The Socotherm Brazil coating facility, located beside the Confab welded pipes mill in Pindamonhangaba, São Paulo, was previously managed in partnership by Tenaris and by ShawCor. The company to date has been constituted by Tenaris and Socotherm Americas, 50% respectively.

Tenaris has become the sole owner of 100% of the shares of the company, with full autonomy for the coating business. Its range of solutions for coatings, produced in the welded pipes facility, is now offered to the market under the Tenaris brand.

"The integration of this coating company with our operations will enable Tenaris to better serve our customers, offering a complete pipe and coating solution mainly for the oil and gas industry worldwide," said Renato Catallini, President of Tenaris in Brazil.

In Brazil, the challenges of the exploration in deep- and ultra-deepwaters of the Pre-Salt layer, the perspectives from Petrobras and from Sergipe Basin and Amazon Region, demand innovative and technological support for coatings solutions. The Tenaris Research and Development Center in Rio de Janeiro – which was inaugurated in April 2014 – will have a fundamental role in the development of new coatings for the local and global markets.

Tenaris will continue its strategic relationship with Socotherm and ShawCor worldwide as suppliers of coating solutions for its pipeline projects.

About Tenaris

Tenaris is one of the leading suppliers of tubes and related services for the world’s energy industry and certain other industrial applications. Its mission is to deliver value to its customers through product development, manufacturing excellence, and supply chain management. Tenaris employees around the world are committed to continuous improvement by sharing knowledge across a single global organization.

About ShawCor Ltd.

ShawCor Ltd. is a growth-oriented, global energy services company that operates through eight divisions which focus on technology-based products and services for the pipeline and pipe services market and the petrochemical and industrial market with manufacturing and service facilities located in over fifteen countries around the world. ShawCor Ltd is now in its fifth decade as a public company, beginning as a specialty pipe coater in Ontario, Canada and growing into a diversified global energy services company.

Source: Tenaris

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