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4-Traders Homepage  >  Equities  >  Italian Stock Exchange  >  Tenaris SA    TEN   LU0156801721

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Tenaris S.A. : Three years of zero lost time accidents at Nisku

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10/08/2013 | 12:00am CET

October 07, 2013

In early September, Tenaris's premium threading and accessory facility in Nisku, Alberta Canada celebrated a new safety record of zero lost time accidents for three consecutive years.

"Reaching this milestone shows that safety is recognized as the number one priority not only for Tenaris, but for the employees too," said Chris Galizia, Health, Safety & Environment Site Manager. "We have many tools available to us to improve safety, but in the end, it is the employees who have committed themselves to working safe."

Plant Manager Dale Parker notes the importance of participation from every employee. "They are reminded that they each have the responsibility to recognize and report safety hazards as well as opportunities to improve and report to supervisors at any time," said Parker.

Combined with the employee's personal efforts, the facility management has sent a strong message about the seriousness of safety. One of the key, positive influences on safety awareness is the focus given to safety by the supervisors and managers at every Tenaris facility, including Nisku. Management presence has increased on the floor of all facilities with the global implementation of Safe Hour, a program in which managers visit with employees during their shifts twice a week to speak with them about safety.

Canadian Managing Director, Guillermo Moreno, added his congratulations to employees, while reminding employees to keep identifying opportunities to improve. "Nisku has shown that it is not only possible to develop a strong culture of safety, but to also maintain it. Their achievement is an example for all facilities and employees at Tenaris," he said.

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EBIT 2016 -0,43 M
Net income 2016 28,3 M
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Yield 2016 2,23%
P/E ratio 2016 704,34
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EV / Sales 2017 3,68x
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Mean consensus HOLD
Number of Analysts 13
Average target price 16,2 $
Spread / Average Target -10%
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Paolo Rocca Chairman & Chief Executive Officer
Edgardo Carlos Chief Financial Officer
Marcelo Ramos Technology Director
Roberto Luis Monti Independent Director
Guillermo Francisco Vogel Hinojosa Vice Chairman
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