The frame agreement entails the provision of pipes produced by Alleima with CRA materials and finished with TenarisHydril Blue® premium connections and Dopeless® technology. The products will be manufactured by Alleima in Sandviken, Sweden, and threaded at Tenaris's threading facility in Aberdeen, Scotland. The frame agreement for the three-year supply of plain end tubes from Alleima has an estimated value of up to SEK 1.3 billion, with the first order expected during first half of 2023.
Alleima and Tenaris have a strategic partnership since 2003, to add value to the oil and gas industry through joint research, product development, and the manufacture of specialized tubular solutions for demanding applications.
"We are delighted to have been awarded this contract and to secure a long-term supply arrangement towards Petrobras, through our partnership with Tenaris. Our OCTG tubes fit perfectly for this project, with its high mechanical strength and excellent corrosion resistance", says Nigel Haworth, President of business unit Energy.
"This contract confirms our ability to supply a full range of tubular solutions for our customers operating in the most complex environments. Through strategic alliances such as the one with Alleima, along with our Rig Direct® service model and the unmatched capacity of our global supply chain, Tenaris has become the most comprehensive supplier of solutions for complex offshore operations, not only in Brazil, but worldwide," says Renato Catallini, Tenaris President in Brazil.
Sandviken, January 18, 2023
Alleima AB (publ)
Emelie Alm, Head of Investor Relations
Phone: +46 (0) 79060 87 17
Yvonne Edenholm, Press and Media Relations Manager
Phone: +46 (0) 72145 23 42
Alleima AB, formerly Sandvik Materials Technology, is a global manufacturer of high value-added products in advanced stainless steels and special alloys as well as solutions for industrial heating. Based on long-term customer partnerships and leading materials technology, we develop products for the most demanding applications and industries. Our offering includes products like seamless steel tubes for the energy, chemical and aerospace industry, precision strip steel for white goods compressor, air conditioners and knife applications, based on more than 900 active alloy recipes. It also includes ultra-fine wires for medical and micro-electronic devices, industrial electric heating technology and coated strip steel for fuel cell technology for cars, trucks, and hydrogen production. Our fully integrated value chain, from R&D to end-product, ensures industry-leading technology, quality, sustainability, and circularity. Alleima, with headquarter in Sandviken, Sweden and revenues of SEK 13.8 billion in 2021, has more than 5,500 employees and customers in approximately 90 countries. Alleima was listed on Nasdaq Stockholm on August 31, 2022 under the ticker `ALLEI'. Learn more at www.alleima.com (https://www.alleima.com/en/)