Tenaris SA 2018 AR2
The report highlights Tenaris's strong financial and operational recovery in 2018, with net sales increasing by 45% to $7.7 billion, driven by high demand in the United States, Canada, and major gas developments globally. The company successfully deployed its Rig Direct® service, which accounted for 60% of its oil country tubular goods (OCTG) sales by volume. Tenaris also expanded its global footprint through the acquisition of a welded pipe mill in Saudi Arabia and agreements for new ventures in Russia and the U.S. In terms of sustainability, the company dedicated over 10% of its capital expenditure budget to safety and environmental projects, resulting in a reduction of its Lost Time Accidents Index to 1.8.
Company: Tenaris SA
Sector: Manufacturing
Country: Luxembourg
Year: 2018
Type: AR2
Pages: 238
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Tenaris SA
Annual Report
The report highlights Tenaris's strong financial and operational recovery in 2018, with net sales increasing by 45% to $7.7 billion, driven by high demand in the United States, Canada, and major gas developments globally. The company successfully deployed its Rig Direct® service, which accounted for 60% of its oil country tubular goods (OCTG) sales by volume. Tenaris also expanded its global footprint through the acquisition of a welded pipe mill in Saudi Arabia and agreements for new ventures in Russia and the U.S. In terms of sustainability, the company dedicated over 10% of its capital expenditure budget to safety and environmental projects, resulting in a reduction of its Lost Time Accidents Index to 1.8.
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Document Details
Report Year
2018
Reporting Period
Jan 1, 2018 - Dec 31, 2018
Fiscal Year
2018
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
Materiality Assessment
Assurance
Assurance Provider
Assurance Standard
ESG Data?Experimental: AI-extracted data, may contain inaccuracies
Employees