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Tenaris and Severstal will build a joint venture by the beginning of next year

30 May 2019

In February it became known about cooperation of two large companies. We are talking about the Russian Severstal and Italian Tenaris. They intend to create a joint venture. The transaction was approved by the European Commission on 13 may. It will produce welded oil and gas pipes. To accommodate future plant in Surgut (Khanty-Ugra). The start of construction works is planned for early next year. The power of the future manufacturing enterprise will make 300 thousand tons per year. It is planned that the construction process will last two years.

Currently the development of design and estimate documentation. For implementation of the granted land. He was allocated by the County government on concessional terms. The future, the company will provide about 500 new jobs. Plans to hire mostly local residents. It is reported that there will be training required of majors. Their training will be carried out at regional educational institutions. In addition, the new facility will improve the regional economy. So it is planned to attract investments in the amount of about 13 billion rubles. Referring in the next two years.

Italian company Tenaris is engaged in the manufacture of welded seamless pipes. It also provides related services. Consumers are such industries as energy, engineering, oil and gas. The company has a number of enterprises in different countries. For example, production is carried out in Italy, Japan, Argentina, USA, etc. It produces up to 4.3 million tonnes of seamless pipes. The volume of production of welded tubes is of the order of 2.6 million tonnes.

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