Annual Report 2005 - Tenaris

Domiciled in Luxembourg, we have manufacturing
facilities in Argentina, Brazil, Canada, Italy, Japan,
Mexico, Romania and Venezuela and specialized
R&D and proprietary global service and distribution
networks. Our annual manufacturing capacity
is 3.3 million tons of seamless and 930 thousand
tons of welded pipes. With this infrastructure and
our 17,500 employees, we focus on providing enduser
customers a service that integrates manufacturing,
procurement, distribution and on-time delivery
of high quality products throughout the world.
TenarisConfab and Confab Equipamentos
In Brazil, with the incorporation by Tenaris, the
Confab units were renamed TenarisConfab and
Confab Equipamentos.
TenarisConfab is the leading producer and supplier
of welded pipes to the Brazilian energy industry,
and a leading exporter of these products to Mercosur
and Latin America.
Confab Equipamentos produces equipment utilized
in the chemical, petrochemical, steel, energy, steam
generation, oil and gas, pulp and paper, infrastructure,
engineering, construction and service industries.
With the mission of complementing its products
with an ever growing number of services, in 2002
TenarisConfab installed a base in Macaé in the
state of Rio de Janeiro to manage customers' stocks
and ensure the just-in-time supply of pipes for oil
wells. The following year, the company gained
a definitive foothold in the oil and gas exploration
and production industry with the inauguration
of a Heat Treatment plant in Pindamonhangaba.
In 2004, the company started producing sucker rods
and accessories for onshore applications.
In 2005, through Socotherm Brasil, the company
invested in the construction of a special coatings
plant in the state of Espírito Santo for offshore projects.
In addition to providing the company with
an exclusive technology in Brazil, the venture reinforces
Tenaris's global partnership with Socotherm.
25 years on the São Paulo Stock Exchange
In 2003, TenarisConfab adhered to Level 1
Corporate Governance, confirming the commitment
to its investors that the company had striven to
maintain since its shares were first traded on
the stock market. Through the application of criteria
that go beyond those required by law, the select
group of companies that Confab is part of today
shows single-minded dedication to providing
greater security for those who invest in the company.
The share split in 2004 was projected to provide
greater liquidity for Confab's shares, and once
more the market responded positively, valuing
the company's sotcks.
In 2005 the company celebrated 25 years of activity
on the São Paulo Stock Exchange and also received
a sustained performance seal from APIMEC SP
– the Capital Markets Investments Analysts and
Professionals Association – for five consecutive years
of presentation in the institution.
During this time, sustained by its transparent and
responsible performance, Tenaris has won the trust
of the market and its shareholders.
7. Annual Report 2005