Tenaris and PCC Energy Group Sign Milestone Contract With
DUBAI, United Arab Emirates and PORTLAND, Ore., April 3,
2012 (GLOBE NEWSWIRE) -- Tenaris and PCC Energy Group, a
business of Precision Castparts Corp., have been awarded a
major contract to supply 7" and 5 ½" Range-3
Corrosion Resistant Alloy (CRA) tubing for a new project
with Abu Dhabi Gas Development Company (ADGDC).
Together, the companies will supply nearly 250,000 feet of
nickel casing used as tubing (Alloy 28 and 825) over the
next year. The plain end pipes will be manufactured by
Precision Castparts at its facility in Houston, Texas.
Subsequently, the material will be threaded with
TenarisHydril Blue® premium connections at Tenaris's
state-of-the-art threading facility. Initial shipments are
expected to begin later this summer.
This contract is the second major order since Tenaris and
PCC signed their worldwide cooperation agreement late last
year and further reinforces the significant synergies
Tenaris and PCC are bringing to bear in support of the
global oil country tubular goods (OCTG) market.
PCC Energy Group and Tenaris, together with their partners
and affiliates, can provide a complete range of CRA OCTG
premium-threaded products and supply complex tubular
solutions for customers anywhere in the world.
Precision Castparts Corp. is a worldwide, diversified
manufacturer of complex metal components and products.
It serves the aerospace, power, and general
industrial markets. PCC is the market leader in
manufacturing large, complex structural investment
castings, airfoil castings, and forged components used in
jet aircraft engines and industrial gas turbines. The
Company is also a leading producer of highly engineered,
critical fasteners for aerospace and other general
industrial markets, and supplies metal alloys and other
materials to the casting and forging industries.
The Precision Castparts Corp. logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=8204
Tenaris is a leading global manufacturer and supplier
of steel pipe products and related services for the
world's energy industry and for other industrial
CONTACT: Stefania Argento
Tenaris Media Relations
(39) 02 43847426 ph
(39) 335 5476223 mobile
Director of Communications
Precision Castparts Corp.