CAD 70-80 million to add 30,000 square feet to its operations. The added space will allow the company to install a modern, productive electric resistance welded pipe manufacturing line in Sault Ste Marie. The new welded line is expected to share synergies with Tenaris's neighbour and former owner, Algoma Steel Inc. If everything goes well, construction could begin this fall, with the facility opening in October 2021.
Algoma halted production at its state-of-the-art seamless-steel pipe manufacturing facility in late 1999. The following year, the plant was leased to a Canadian affiliate of Siderca SA. Tenaris, then a sister company to Siderca, bought the tube mill from Algoma in 2003 for CAD 12.5 million. The facility would be the only one in the world capable of manufacturing the seamless pipes in all the grades demanded by the Canadian market with American Petroleum Institute and premium connections