Correction: Tenaris strengthening role in strategic markets
Bnamericas Published: Wednesday, August 04, 2004
In the story titled "Tenaris strengthening role in strategic markets" published on July 30, it was reported that the company has recently made acquisitions, including the Chinese company Tianjing - which had been written "Tian Gin" in local press - as one of the acquired companies. However, there is actually a strategic alliance between the two companies, signed in December 2003. The alliance will allow for the creation of joint ventures to form a tube producing company and a plant to manufacture accessories used in oil extraction and production. The correct name of the Chinese company is Tianjing Pipe Corporation, and not as it appears in other reports.
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