Tenaris (TS -1.2%) announces a $1.5B investment plan to expand its U.S. operations, including...

|About: Tenaris S.A. (TS)|By:, SA News Editor

Tenaris (TS -1.2%) announces a $1.5B investment plan to expand its U.S. operations, including the installation of a state-of-the-art seamless pipe mill, heat treatment and premium threading facilities. The new mill, expected to begin operations in 2016, will have an annual production capacity of 650K tons of high quality seamless pipe.