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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Tenaris | NYSE:TS | NYSE | Common Stock |
| Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|
| 0.30 | 0.90% | 33.80 | 33.80 | 33.21 | 33.32 | 2,935,612 | 01:00:00 |
From May 2019 to May 2024
By Oliver Griffin
Severstal PAO (CHMF.MZ) and Tenaris SA (TEN.MI) said Tuesday that they will form a joint venture to build a welded-pipe plant in western Siberia and plan to invest $240 million in the project.
Russian steelmaker Severstal will have a 51% interest in the joint venture, while Tenaris will own the remaining 49%, the Russian company said.
The plant will require a two-year construction period and is planned to have an annual production capacity of 300,000 tons worth of oil country tubular goods.
Write to Oliver Griffin at oliver.griffin@dowjones.com; @OliGGriffin
(END) Dow Jones Newswires
February 05, 2019 05:59 ET (10:59 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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