Techint

The Techint group is a multinational group based in Argentina and founded in 1945 by italian immigrant Antonio Rocca, and currently holds more than 100 engineering, steel, oil, gas and service companies.

The Techint company was name originally named "Compagnia Tecnica Internazionale" (italian, Technic International Company), but was renamed shortly after to Techint, its abbreviated telex code. The Techint group is the world's biggest manufacturer of seamless steel pipes, mainly used in the oil industry. Techint, with its subsidiary Tenaris NYSE: TS, is the largest steelmaking company in Latin America, (fifth in the Americas).

Companies owned by the Techint group through Tenaris include: Siderca and Siat (Argentina), Confab (Brasil), Tamsa (Mexico), Algoma (Canada), Dalmine (Italy), Silcotub (Romania) and has a joint venture with NKK (Japan), holding 51% of NKK shares since 1999, which was the first time a Japanese steel company was under foreign control.

On August 23, 2005, the Techint bought 99.3% of mexican Hylsamex for 2,217 million dollars. In a press release, Techint informed that the mexican steel manufacturer, and its previous steel manufacturers Siderar (Argentina) and Sidor (Venezuela) would be under a new subsidiary called Ternium, with its headquarters in Luxemburg.

External links

• Techint group home page
• Techint Company home page
• Tenaris home page
• Article on the steel industry in Latin America
• Article on Hylsamex acquisition (Spanish)