(July 18) Tenova SpA is expanding its secondary metallurgy business through the acquisition of Technometal GmbH, a German company based in Duisburg operating worldwide in the steel industry. Technometal is specialized in the steel production and refining with expertise in design, supply, start-up, training and consulting, and vacuum treatments. One of Technometal’s strengths is the great flexibility that results in the design and supply of industrial plants of different sizes, with capacities ranging from 5 and 300 tons of steel. These skills allow Tenova to integrate and expand its offer in the field of secondary metallurgy with treatment facilities for the integral cycle production of steel. Alberto Iperti, CEO of Tenova, commented: "With this acquisition, Tenova broadens the range in the process of steel production, and confirms its interest in the field of secondary metallurgy with three activity centers: Tenova Melt Shops in Italy, Tenova Core in the United States, and Tenova Technometal in Germany." The president of Techint Group, Gianfelice Rocca, tracks Tenova’s strategic plan: "The acquisition of Technometal confirms our major industrial development on an international scale. Over the past five years Tenova has grown globally from 3,000 to 5,000 employees, and this increase was supported by other important acquisitions. In particular in the last two years we have expanded in Canada (Nova Analytical Systems), South Africa (Bateman), South Korea (Envita), Germany (MTH)."

ADVANCED TECHNOLOGY FOR THE METALLURGICAL SECTOR

Tenova is part of Techint Group, consisting of Tenaris, Ternium, Techint E & C, Tenova, Tecpetrol, and Humanitas; these companies operate worldwide with a total turnover of $25 billion and over 59,000 employees. Tenova is a leading global provider of technology, products and cutting-edge engineering services for the metal and mining industries. The companies in Tenova’s network operate in 27 countries on 5 continents, with a turnover of $2 billion. Committed to the continuous development of its technologies, Tenova pays particular attention to product quality for end users, energy saving and environmental protection.