TenarisTamsa inaugurates US$42.5 million factory
Veracruz, Mexico.- With an investment reaching US$42.5 million, TenarisTamsa Industrial Center inaugurated a factory to produce mechanical pumping rods, a part attached to pumps to mechanically raise petroleum from the well when there is not enough pressure, which allows the fluid to flow to the surface.
Opening this plant means imports for the domestic power industry may be substituted and exports will be made from Mexico to the United States and Canada.
Pablo Roca, President, Tenaris, estimates that with the opening of this factory in Veracruz, sales by the corporation should reach US$40 million per year.
When the second stage is completed, this new plant will generate 120 direct jobs and 600 indirect jobs.
Source: Notimex | Date: 12/03/2012