Annual Report 2005 - Tenaris

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Company profile More than 60 years in activity In 1943, the banker Gastão Vidigal, in partnership with the Polish industrialist Isydor Kleinberger, acquired the Fábrica Nacional de Tambores in auction. The company, which produced steel drums, gas cylinders and refrigerators, had been confiscated from its German owners in consequence of the Second World War. This was the beginning of Confab's history in the São Paulo district of Pompéia.
Gastão Vidigal placed his son, Carlos Bueno Vidigal in charge of Confab, and it was he who ensured the consolidation of the company, imbuing it with a sense seriousness, responsibility, transparency and respect for people, combined with a constant drive to improve the quality of products and services and invest in technology and human capital. With the creation of Petrobras in 1953 and the development of the petroleum refining industry in the country, Confab had the opportunity to expand its business, manufacturing equipment for the new industry. Growing with Brazil In 1961, Confab began to manufacture welded steel pipes. It was at this time that the company closed its first large scale contract: supplying tubular stakes for the construction of Usiminas. In the 1970's, Confab was split into two units: pipes and equipment, with the construction of two plants in Pindamonhangaba, 160 km from São Paulo. The company started supplying the petroleum & gas, petrochemical, mining, steel, cellulose & paper and sanitation industries, as well as nuclear power plants. 5. Annual Report 2005
Page 1: Annual Report 2005
Page 6 and 7: It was during this period, with the
Page 8 and 9: 8. TenarisConfab
Page 10 and 11: Highlights 10. TenarisConfab
Page 12 and 13: Message to the shareholders 12. Ten
Page 14 and 15: The segment supplying fuel tanks fo
Page 16 and 17: Letter of principles 16. TenarisCon
Page 18 and 19: Business review 18. TenarisConfab
Page 20 and 21: 20. TenarisConfab On a daily basis,
Page 22 and 23: 22. TenarisConfab The graph shows t
Page 24 and 25: The challenges TenarisConfab faced
Page 26 and 27: Leading indicators 26. TenarisConfa
Page 28 and 29: Pipes 28. TenarisConfab
Page 32 and 33: 32. TenarisConfab In 2005 more than
Page 34 and 35: PRA-1 is a Petrobras project aimed
Page 36 and 37: Equipments 36. TenarisConfab
Page 40 and 41: Social action review 40. TenarisCon
Page 42 and 43: 42. TenarisConfab The quality of th
Page 44 and 45: The program modules are designed to
Page 46 and 47: In 2005, Confab invested R$5.3 mill
Page 48 and 49: Board of Directors 48. TenarisConfa
Page 50 and 51: Balance sheet 50. TenarisConfab ASS
Page 52 and 53: Income statement GROSS REVENUE Sale
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Statement of changes in financial p
Page 56 and 57:
Explanatory notes 56. TenarisConfab
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Explanatory notes . 60. TenarisConf
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64. TenarisConfab In 1991, the stoc
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66. TenarisConfab ACCOUNTS CURRENT
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Statement of cash flow 80. TenarisC
Page 82 and 83:
Report of the Independent Auditors
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Annual Report 2005 - Tenaris

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