“Silcotub’s steel output has soared over the last three years. The company saw a positive turnover, as it ended 2018 with $555 million, but the data are not yet public. Last but not least, the company has reached investments of nearly half a billion dollars since its entry on the Romanian market”, Popescu also said.
Tenaris Silcotub has completed an investment of $8 million in Zalau, in retrofitting the pipe finishing line.
Tenaris Silcotub is the largest employer in Salaj County, with some 1,400 employees at the factory in Zalau. The Silcotub division is part of global market leader Tenaris Group held by Italian Rocca Family.
Tenaris Group has 23,000 employees globally and a turnover of $7.7 billion. The factory in Zalau has an annual capacity of 250,000 tons of steel and manufactures products for the energy and automotive industries.