FORM 6 - K
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Report of Foreign Private Issuer
Pursuant to Rule 13a - 16 or 15d - 16 of
the Securities Exchange Act of 1934
As of May 6, 2005
TENARIS, S.A.
(Translation of Registrant's name into English)
TENARIS, S.A.
46a, Avenue John F. Kennedy
L-1855 Luxembourg
(Address of principal executive offices)
Indicate by check mark whether the registrant files or will file annual
reports under cover Form 20-F or 40-F.
Form 20-F X Form 40-F
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Indicate by check mark whether the registrant by furnishing the information
contained in this Form is also thereby furnishing the information to the
Commission pursuant to Rule 12G3-2(b) under the Securities Exchange Act of 1934.
Yes No X
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If "Yes" is marked, indicate below the file number assigned to the
registrant in connection with Rule 12g3-2(b): 82-__.
The attached material is being furnished to the Securities and Exchange
Commission pursuant to Rule 13a-16 and Form 6-K under the Securities Exchange
Act of 1934, as amended.
This report contains Tenaris's press release announcing the acquisition of
Romanian steelmaking facility.
Tenaris Announces Acquisition of Romanian Steelmaking Facility
LUXEMBOURG--(BUSINESS WIRE)--May 4, 2005--Tenaris S.A. (NYSE:TS) (BCBA:TS)
(BMV:TS) (BI:TEN) announced today that it has completed the
acquisition of a 97% shareholding in Donasid S.A, a Romanian steel
producer, for EUR 37 million (approx. US$48 million). Tenaris is also
assuming EUR 16.8 million (approximately US$22 million) in long-term
debt held by Donasid with AVAS, the Romanian state privatization
agency and expects to spend an additional EUR 25 million (approx.
US$32 million) in investments to adapt the steel shop to produce round
steel bars and other improvements.
Donasid's assets include a steel shop located at Calarasi on the
river Danube in the south of Romania. The steel shop, which has an
annual capacity of 470,000 tons, includes an electric arc furnace and
continuous casting facilities, and uses steel scrap as its principal
raw material. Romania is currently a net exporter of steel scrap.
Through this acquisition, Tenaris expects to reduce costs in, and
secure a reliable source of steel for, Silcotub, its Romanian seamless
pipe mill, and to increase the competitiveness of its Italian seamless
pipe operations by substituting marginal steel production and allowing
increased specialization in high value steels.
Tenaris is a leading global manufacturer of seamless steel pipe
products and provider of pipe handling, stocking and distribution
services to the oil and gas, energy and mechanical industries and a
leading regional supplier of welded steel pipes for gas pipelines in
South America. Domiciled in Luxembourg, it has pipe manufacturing
facilities in Argentina, Brazil, Canada, Italy, Japan, Mexico, Romania
and Venezuela and a network of customer service centers present in
over 20 countries worldwide.
CONTACT: Tenaris
Nigel Worsnop, 888-300-5432
www.tenaris.com
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.
Date: May 6, 2005
Tenaris, S.A.
By: /s/ Cecilia Bilesio
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Cecilia Bilesio
Corporate Secretary