Dammam, Saudi Arabia, June 25, 2019: Tenaris, a leading supplier of tubes and related services for the world’s energy industry and other industrial applications, has announced that it will rebrand Saudi Steel Pipes (SSP), a welded pipe producer in the Kingdom of Saudi Arabia (KSA), to TenarisSaudiSteelPipes.
The decision follows the integration of SSP into the global commercial and industrial network of Tenaris, after the latter announced the closing of its acquisition of 47.79% of the shares in SSP on January 21, 2019.
“The rebranding symbolizes the official integration of Saudi Steel Pipe with Tenaris, marking an important step in our commitment to further expand our footprint and capabilities in the Kingdom of Saudi Arabia,” commented Mariano Armengol, Managing Director and Chief Executive Officer of TenarisSaudiSteelPipes. “The new brand builds on the strengths and good reputation that both companies have built over time in the Kingdom,” he added.
With a complete portfolio, covering the full product range required by local customers, including pipes, accessories, coating and bending, TenarisSaudiSteelPipes’ mission is to deliver value to its customers through product development, manufacturing excellence, and supply chain management, as well as minimizing their risk and helping them reduce costs, increasing flexibility and improving time-to-market.
TenarisSaudiSteelPipes facilities are located in the Eastern Province of the Kingdom of Saudi Arabia and have a manufacturing capacity of 500,000 tons per year. The company is qualified to supply products with major national oil companies in the region, including Saudi Aramco.