Tenaris Chairman Says Company is Positioned to Take Advantage of Drilling Recovery
12/06/2016 - Tenaris chairman and chief executive Paolo Rocca, whose company is building a US$1.8 billion seamless tube mill in Bay City, Texas, said he believes the Donald Trump presidency will be good for business.
“We need still to see the decisions that the new administration will take, but I expect the support for the domestic oil industry,” Rocca said in an interview with Bloomberg news service.
Given Trump’s focus on domestic manufacturing, Rocca told the news service that he believes Tenaris will have a leg up on competitors who have to import tubes destined for the U.S. oil and gas fields.
You can read the full interview here.
Given Trump’s focus on domestic manufacturing, Rocca told the news service that he believes Tenaris will have a leg up on competitors who have to import tubes destined for the U.S. oil and gas fields.
You can read the full interview here.
