Tenaris has launched a $1,5 billion investment plan to expand its operations in the United States. This was announced in a note by the group active in the production of seamless pipes, specifying that the program includes the installation of a plant, equipment for heat treatment and premium threading "with an investment estimated at 1,5 billion dollars" . The new plant - continues the note - will begin operations in 2016 and will have an annual production capacity of 650 tonnes.
By mid-morning, Tenaris' shares were down 0,4%.
