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Tenarist to Invest About $90 Million in Romania, ZF Says

Tenaris SA (TEN), the world’s largest maker of seamless pipes, plans to invest about $90 million in Romania next year, Ziarul Financiar reported, citing Gabriel Podskubka, who heads the company’s eastern European unit.

Tenaris, which invested between $80 million and $90 million in expanding its Romania facilities this year, plans to spend $60 million to open a factory in the western town of Zalau to make pipes for the oil industry, the Bucharest-based newspaper said.

To contact the reporter on this story: Andra Timu in Bucharest at atimu@bloomberg.net

To contact the editor responsible for this story: James M. Gomez at jagomez@bloomberg.net

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