History and Expansion of The Techint Group

Founding

• "Compagnia Tecnica Internazionale" - soon named TECHINT after the original telex code - was founded as an international corporation in 1945.
• The founder was Agostino Rocca, an innovative engineer, manager and entrepreneur, and a key force behind the development of the Italian steel industry in the 1930s.

Beginnings

• The company began providing engineering services to clients in Europe and Latin America.
• Construction activities soon followed, among them the southern gas pipeline in Argentina, inaugurated in 1949.
• Production of steel structures and heavy mechanical equipment and parts was also started near Buenos Aires.

Early Steel Ventures

• Techint constructed and then operated two seamless steel tube plants, one in Veracruz (Mexico) and the other in Campana (Argentina). Both plants began production in 1954.
• In the late 1960s a flat steel cold-rolling facility was built in Ensenada (Argentina), which was meant to be the first step of a planned fully integrated operation.

Origins of Tenaris

• In the mid-1980s the Techint Group undertook a major, export-oriented expansion of the Campana seamless tube mill, and acquired Argentine welded pipe maker Siat.
• In the 1990s it also acquired control of the Veracruz mill in Mexico and the Dalmine seamless pipe mill in Italy.
• Steel pipe manufacturing facilities were also acquired in Brazil, Venezuela, Japan, Canada, and Romania.
• At the end of 2002 Tenaris, the company under which all the manufacturing and service activities in the steel pipe business were grouped, started to be listed on the stock exchanges of New York, Milan, Mexico and Buenos Aires.
• In October 2006 Tenaris announced the acquisition of Maverick Tube Corp., a leading North American producer of welded oil country tubular goods (OCTG), line pipe and coiled tubing for use in oil and natural gas wells.
• In May 2007 Tenaris acquired Hydril, a renowned producer of premium OCTG connections in the USA with a solid international presence.
• In May 2009, the Venezuelan government announced the nationalization of Tavsa and Matesi, producers of seamless tubes and hot briquetted iron respectively.
• In 2009, Tenaris acquired control of Seamless Pipe Indonesian Jaya (SPIJ), an OCTG processing business with heat treatment and premium connection threading facilities.
• Today, Tenaris is a leading supplier of tubes and related services for the world’s energy industry and certain other industrial applications. It has an integrated worldwide network of steel pipe manufacturing, research, finishing and service facilities with industrial operations in North and South America, Europe, Asia, Middle East and Africa and a direct presence in most major oil and gas markets.

Origins of Ternium

• Cold rolling of flat steel continued in Ensenada, Argentina through the 1980s.
• In 1992 the Group acquired a majority share of Somisa, the largest integrated flat steel plant in Argentina.
• Argentine steel coating and processing capacities were expanded through investments and acquisitions.
• In 1997 the Group acquired a controlling stake in Sidor, Venezuela - one of the largest and most efficient plants in Latin America.
• All flat steel facilities were then integrated in Ternium. In August, 2005 Ternium acquired Hylsa, the largest steel manufacturer in Mexico, and the one with the highest level of vertical integration.
• In February 2006, Ternium began quoting on the New York Stock Exchange.
• In July 2007, Ternium acquired Imsa, a company with a strong presence in Mexico and processing facilities in Guatemala and the United States.
• In April 2008 the Venezuelan government announced the nationalization of Sidor; a government agency assumed control over Sidor’s operations the following July.
• The company has the potential to ship to market 9 million tons of steel products per year.
• Ternium has agreed to acquire a controlling interest in Ferrasa, a Colombia-based company, which owns steel making and rolling facilities and a welded steel tubes producer. The agreement also includes the purchase of a long steel products manufacturer and distributor in Panama.

Engineering and Construction

• In the 1960s and 1970s, Techint completed several engineering and construction projects, establishing itself as one of the world’s major pipeline builders, and supplier of turnkey plants for productions ranging from steel to petrochemicals.
  
• In more than sixty years of activity, Techint E&C has successfully completed around 3,500 projects in more than 45 countries, and is presently engaged in large industrial and infrastructure projects worldwide.

Origins of Tenova

• The Techint Group experience and skills in plant making were accompanied since the beginning by the in-house manufacture of heavy equipment and industrial machinery.
  
• Starting in the 1980s, a series of acquisitions and expansions in Italy multiplied the portfolio of products and leading technological solutions, particularly for the metals and raw materials industries.
  
• Recent acquisitions under the Tenova brand have increased the scope and global presence of the business whose product lines today include direct reduction plants, submerged arc furnaces, melt shops, secondary steel making facilities, reheating and heat treatment furnaces, roll grinders and roll shops, cold rolling mills, strip processing, mining and bulk material handling systems and plants for glass and rock wool.

Origins of Tecpetrol

• During the 1990s the Techint Group invested in oil and gas blocks in Argentina through exploration and production company Tecpetrol.
  
• The company also acquired operations in Venezuela, Bolivia, Brazil, Ecuador, Mexico, Peru and Colombia.
  
• Through Tecpetrol, the Group also holds operating interests in a number of gas transportation businesses, such as Transportadora de Gas del Norte (TGN), Transportadora de Gas del Mercosur (TGM) and Litoral Gas in Argentina, and Transportadora de Gas del Perú (TGP) in Peru, which holds the concession of the two Camisea trans-Andean pipelines, one for gas and one for liquids.
  
• In March 2010 Tecpetrol has closed on the acquisition of its first exploration and production assets in the United States through a merger with Erskine Energy Production Company, now renamed Tecpetrol Corporation, headquartered in Houston, Texas.

Origins of Humanitas

• In Italy, the Techint Group entered the health services sector in the mid 1990s by building and managing Istituto Clinico Humanitas, a state-of-the-art hospital and medical research institute near Milan.
  
• Specialized company Humanitas has subsequently acquired controlling interests in other important private hospitals in Bergamo, Turin, Catania and Castellanza, where the successful technology-based and patient-oriented management model originally adopted in Humanitas has been replicated.
• In November 2009, Istituto Clinico Valle D’Aosta, the first center in the Region to be exclusively dedicated to neurological and orthopedic rehabilitation, was inaugurated in Saint-Pierre, in the outskirts of Aosta.

With a workforce of experienced professionals and skilled workers numbering 49,000 permanent employees, the Techint Group’s global annual turnover is nearly USD 18 billion.