Tenaris agreed to acquire 47.79% of the shares in Saudi Steel Pipe, a welded steel producer, from a private group for $144 million. The acquisition expands the pipemaker’s industrial presence in the kingdom and the range of products it supplies to Saudi Aramco.SSP’s facilities are in the Eastern Province of Saudi Arabia and have a manufacturing capacity of 360,000 tons per year. The company started its operations in 1980 and also serves industrial and......
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