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News

Sandvik and Tenaris strategic alliance extends services to the oil and gas industry

Sandvik Coromant UK : 07 July, 2003  (Company News)
Materials specialist, Sandvik Materials Technology, and Tenaris S.A., the world leader in tubular technologies for the oil and gas industry, have concluded a stategic alliance under which Tenaris becomes the worldwide distributor for Sandvik's seamless, stainless steel downhole production tubing and other high performance OCTG (Oil Country Tubular Goods) products.
Tenaris and Sandvik have further agreed to work together to identify and develop new tubular products for the oil and gas industry. Under the terms of the alliance, which takes effect immediately, Sandvik's manufacturing and technological capabilities will be combined with Tenaris' worldwide distribution and marketing capabilities, and its extensive customer base.

German Cura, Tenaris' Commercial Director, comments 'This alliance allows us to extend our range of high performance products and our capabilities in developing tubes for the most complex applications. Accordingly, we will be able to provide specialist solutions to meet our customers' requirements. We are delighted that Sandvik, with its outstanding reputation for materials technology, has chosen to work with us.'

Ad Raatgeep, Marketing & Sales Manager for tubular products at Sandvik Materials Technology, also recognises the benefits. He says, 'This alliance is fully in line with our ambitions to create strong partnerships. The oil and gas industry has been an important market sector for Sandvik for many years and development of materials for niche applications is one of our key strengths. We have one of Europe's largest R&D facilities in this field and work closely with customers to meet the ever increasing demands on materials. In our cooperation with Tenaris, this capability will be maximised, particularly within the area of downhole OCTG, and together we will be able to serve the market with complete and competitive solutions.'
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