Watch Live


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

To contact the editor responsible for this story: James M. Gomez at

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.