Tenaris announces $306 million CAD investment to strengthen its Sault Ste. Marie industrial centre, backed by federal and provincial governments Tenaris announces $306 million CAD investment to strengthen its Sault Ste. Marie industrial centre, backe
Tenaris, Canada’s largest domestic manufacturer of Oil Country Tubular Goods (OCTG), marks another milestone in its long-term commitment to Canadian manufacturing and the country’s energy sector with a landmark $306 million CAD joint investment alongside Canadian Minister of Industry Mélanie Joly (LC), Ontario Premier Doug Ford (RC), Tenaris in Canada President Martín Castro (C), Ontario Minister of Economic Development Vic Fedeli (FL), Sault Ste. Marie Member of Parliament Terry Sheehan (FR), and Sault Ste. Marie Mayor Matthew Shoemaker (FFR) at Tenaris’s Sault Ste. Marie Industrial Centre on Tuesday, May 22, 2026.