Tenaris S.A.

Regulatory Filings • Sep 1, 2017

News Details

Corporate | 1 September 2017 02:20

Tenaris reports no major damage to its industrial sites in South Texas following Hurricane Harvey

DGAP-News: Tenaris S.A. / Key word(s): Miscellaneous

01.09.2017 / 02:20

The issuer is solely responsible for the content of this announcement.

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LUXEMBOURG — (Marketwired) — 08/31/17 — Tenaris S.A. (NYSE: TS)

(BAE: TS) (BMV: TS) (MILAN: TEN) announced today that all its

facilities in Houston, Freeport and Bay City are gradually resuming

operations from today following the passage of Hurricane Harvey and

subsequent extensive flooding in the area. The facilities, including

Bay City, suffered no major flooding or damage. The construction work

on the Bay City mill is also resuming and, in accordance with our

preliminary assessment, the rolling of the first pipe will be delayed

until October.

The impact on our people has been severe. Out of our 1,320 employees

in the Houston area 36% have been displaced. We are in constant

contact with them and are providing time and financial assistance at

this difficult time.

During this week, our customers’ operations in Eagleford were

affected by the hurricane, which may have a limited impact on our

North American sales for the third quarter.

Some of the statements contained in this press release are

‘forward-looking statements’. Forward-looking statements are based on

management’s current views and assumptions and involve known and

unknown risks that could cause actual results, performance or events

to differ materially from those expressed or implied by those

statements.

Tenaris is a leading global supplier of steel tubes and related

services for the world’s energy industry and certain other industrial

applications.

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01.09.2017 Dissemination of a Corporate News, transmitted by DGAP – a service of EQS Group AG.

The issuer is solely responsible for the content of this announcement.

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Language:	English
Company:	Tenaris S.A.
	Luxemburg
ISIN:	LU0156801721

End of News	DGAP News Service