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May 22, 2026 4:00 PM

Tenaris announces $306 million CAD investment to strengthen its Sault Ste. Marie industrial centre, backed by federal and provincial governments

Tenaris, Canada's largest domestic manufacturer of Oil Country Tubular Goods (OCTG), marks another milestone in its long-term commitment to Canadian manufacturing and the country's energy sector with a landmark $306 million CAD joint investment alongside Canadian Minister of Industry Mélanie Joly (LC), Ontario Premier Doug Ford (RC), Tenaris in Canada President Martín Castro (C), Ontario Minister of Economic Development Vic Fedeli (FL), Sault Ste. Marie Member of Parliament Terry Sheehan (FR), and Sault Ste. Marie Mayor Matthew Shoemaker (FFR) at Tenaris's Sault Ste. Marie Industrial Centre on Tuesday, May 22, 2026.

SAULT STE. MARIE, Ontario, May 22, 2026 (GLOBE NEWSWIRE) -- Tenaris, the country's largest comprehensive supplier of OCTG pipe (Oil Country Tubular Goods) and Canada's only seamless pipe manufacturer, has announced a landmark $306 million CAD investment with the federal and Ontario governments at its Sault Ste. Marie Industrial Centre. The announcement, made alongside Canadian Minister of Industry, Mélanie Joly; Ontario Premier, Doug Ford; Ontario Minister of Economic Development, Vic Fedeli; Sault Ste. Marie Member of Parliament, Terry Sheehan; and Sault Ste. Marie Mayor, Matthew Shoemaker, marks another step in Tenaris's long-term commitment to Canada's manufacturing and energy sectors. The federal government's Strategic Response Fund and the provincial government's Invest Ontario Fund provided financial support to the investment.

The plan will expand production, extend product range, and maximize productivity through the installation of new, state-of-the-art equipment. The improvement in material flows will impact each stage in the seamless and electric resistance welded (ERW) manufacturing processes, ...

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