With a $10 million investment, Tenaris has acquired the oil and gas division of the company isOplus, a producer of pre-insulated pipeline systems for district heating and anti-corrosion coatings in Europe.
The acquired business unit, now under the name of Tenaris Coating Italy, specializes in anti-corrosion coatings for oil and gas pipelines.
"This investment enhances Tenaris's value proposition in the offshore market," emphasizes Tenaris Vice President Line Pipe and Process, and President of the new company Andrea Previtali. "Through an integrated service package – under the name One Line™ – we can effectively support our customers in their most complex projects, coordinating the entire supply chain. This allows for reduced delivery times, ensures a high and consistent quality standard, minimizes logistical costs, and reduces the environmental footprint."
The anti-corrosion coating can be applied to line pipe from Tenaris's facilities in Italy, Mexico, Argentina and Brazil.