TPi January 2015

business & market news

Tenaris confirms full purchase of Socotherm Brasil

Sergipe Basin and Amazon Region, demand innovative and technological support for coatings solutions. The Tenaris Research and Development Center in Rio de Janeiro, which was inaugurated in April 2014, will have a fundamental role in the development of new coatings for local and global markets. Tenaris will continue its strategic relationship with Socotherm and ShawCor worldwide as suppliers of coating solutions for pipeline projects.

full autonomy for the coating business. Its range of solutions for coatings, produced in the welded pipes facility, is now offered to the market under the Tenaris brand. “The integration of this coating company with our operations will enable Tenaris to better serve our customers, offering a complete pipe and coating solution mainly for the oil and gas industry worldwide,” said Renato Catallini, president of Tenaris in Brazil. In Brazil, the challenges of the exploration in deep and ultra-deep waters of the Pre-Salt layer, the perspectives from Petrobras and from With more than ten years’ HR experience, Ms Baker has held positions as HR manager and senior HR advisor within the manufacturing sector, including roles with Toshiba Information Systems and Plessey Semiconductors Ltd. In addition to a 1 st class honours degree in human resources management, she has a diploma in business management. Steve Tomlinson, head of HR, commented, “We are pleased to welcome Claire to Fine Tubes. With her knowledge and understanding of the business role that HR can play within

Tenaris has confirmed the purchase of the remaining 50 per cent of the participation of Socotherm Brasil, which belonged to Socotherm Americas – a division of ShawCor. The Socotherm Brasil coating facility, located beside the Confab welded pipes mill in Pindamonhangaba, São Paulo, was previously managed in partnership by Tenaris and by ShawCor. The company to date has been constituted by Tenaris and Socotherm Americas, 50 per cent respectively. As of 4 September 2014, Tenaris became the sole owner of 100 per cent of the shares of the company, with Fine Tubes, a manufacturer and global distributor of precision tubes for a wide range of critical applications, has appointed Claire Baker as HR business partner. In line with its continued growth, the company has re-structured its HR department to ensure that the changing needs of the business continue to be met in line with best HR practice. Within the new structure, Ms Baker will have a key role in helping to create a working environment that encourages and supports continuous improvement at all levels of the company.

Tenaris SA – Luxembourg www.tenaris.com Fine Tubes appoints new HR business partner

a manufacturing environment, she will undoubtedly be making an important contribution to the future development of the company.” Fine Tubes manufactures both seamless and welded tubes, in a wide range of stainless steel, nickel, titanium and zirconium alloys, for critical applications in the oil and gas, nuclear and power, aerospace, chemicals and medical equipment industries.

Fine Tubes Ltd – UK sales@finetubes.co.uk www.finetubes.com

ROI calculator for valve inventory Wachs Water Services has release a new ROI Calculator. The free tool is based on a sophisticated yet intuitive algorithm that determines the ROI of a valve inventory programme. its cost. When allocating scarce financial resources among competing projects, it is generally wise to choose the project with the greatest ROI.

able to show a tangible, positive ROI allows utilities to increase their chances of obtaining O&M and/or capital improvement funding, whether in the form of rate increases, loans, budget allocations or other sources.

The higher an ROI for an asset inventory programme, the greater cost savings (ie gains) enjoyed by the utility and community. Cost savings include reductions in collateral damage, labour/ equipment, outage disruptions, traffic disruptions and water loss. Being

ROI (return on investment) gauges investment performance. It is calculated as a percentage, taking into account the cost of the investment, and the gain from it. An ROI greater than zero indicates that the investment yielded more than

The ROI Calculator can be found online at www.wachsws.com/tools/roi

Wachs Water Services – USA www.wachsws.com

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Tube Products International January 2015

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