healthcare founded 1945 ; 71 years ago 1945 headquarters milan italy buenos aires argentina key people gianfelice rocca techint tenova humanitas chairman paolo rocca tenaris ternium chairman products flat rolled steel tubular steel industrial machinery public infrastructure oil & gas mining energy health services revenue us 25.477 billion 2012 1 number of employees 59 196 2012 1 subsidiaries tenaris ternium techint e & c tenova tecpetrol humanitas website techint techint is an italian argentine conglomerate founded in milan in 1945 by italian industrialist agostino rocca and headquartered in milan italy and buenos aires argentina . today the techint group is composed of six main companies with an international reach all global or regional leaders in their fields 1 in the following areas of business engineering construction steel mining oil & gas industrial plants healthcare . techint with its subsidiaries is the largest steel making company in latin america . techint is the world s largest manufacturer of seamless steel tubes mainly used in the oil industry . 1 contents 1 history 2 divisions 3 references 4 external links history edit agostino rocca an executive at ansaldo and later at dalmine and siac steel and iron industries founded compagnia tecnica internazionale italian for technical international company in milan in september 1945 but developed its main activity worldwide . the original company name was changed after to techint its abbreviated telex code . 1 2 3 the company began providing engineering services to a growing number of clients in latin america to where agostino rocca had traveled after world war ii and europe . construction activities soon followed the first major techint engineering and construction e & c project was a network of large diameter pipelines in argentina and brazil . 3 awarded a contract to build a 1 600 km 1 000 mi gas pipeline from comodoro rivadavia to buenos aires in 1949 by president juan per n techint became a leading government contractor during per n s ambitious infrastructure program in argentina . creating subsidiaries in brazil 1947 chile 1951 and mexico 1954 the company opened its first seamless steel tube plant in campana in 1954 ; in 1969 techint s ensenada plant became the only argentine manufacturer of cold rolled steel . 1 in the 1980s important projects were undertaken in argentina brazil ecuador and mexico and the company diversified into new fields of activity building the first nuclear facilities and offshore platforms . 1 a staple of large engineering projects all over south america techint participated in the privatization drive of the early 1990s purchasing a stake in argentina s then leading steel manufacturer the state owned somisa . a significant part of techint s core manufacturing strength has since been concentrated in the san nicol s villa constituci n oil and steel corridor where the company is a regional leader in the production of cold rolled steel . in italy the techint group entered the health services sector by building and managing instituto clinico humanitas ich a state of the art hospital and medical research institute near milan . tenaris the company under which all the manufacturing and service activities in the steel pipe business are grouped today went public at the end of 2002 quoting in the buenos aires mexico city and milan stock exchanges and its american depositary securities listed on the new york stock exchange . 1 on august 23 2005 the techint group bought 99.3 % of mexican hylsamex for us 2.2 billion . 4 in 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 headquartered in luxembourg . 5 on april 30 2007 ternium a division of techint announced that it had entered into an agreement in which it expects to gain control of grupo imsa a major player in the mexican steel industry . 6 the decision of venezuelan president hugo ch vez to nationalize sidor came on the heels of a series of industrial disputes over the previous year . 7 8 compensation of around us 1.97 billion was agreed for the nationalisation of ternium s 60 % stake in sidor with the former keeping a 10 % stake in the company 9 but frictions emerged with the kirchner administration in argentina over their reported refusal to raise objections to the nationalization with president ch vez . 10 the techint group invested us 2.3 billion in its argentine operations from 2003 to 2008 10 and its local siderca unit s steel output rose from 2.5 million tons in 2003 11 to 4.5 million in 2008 . 1 in 2012 the techint group entered the mining industry through the tenova s acquisition of several companies operating in this field . today the techint group has a workforce of 59 196 permanent employees . 1 divisions edit tenaris nyse ts a global supplier of tubular products and services used in drilling completion and production of oil and gas in process and power plants and in specialized industrial and automotive applications . companies owned by the techint group through tenaris include dalmine italy siderca and siat argentina confab brazil tamsa mexico algoma canada silcotub romania and has production facilities in the us and a joint venture with nkk japan holding 51 % of nkk shares since 1999 making it the first japanese steel company in foreign majority ownership . 12 13 its total steel tube shipments exceeded 4.5 million tons in 2008 . 1 ternium a latin american supplier of flat and long steel products produced in three integrated steel mills located in argentina mexico usa and guatemala with an overall capacity of nearly 9 million tons per year . techint engineering & construction a group of companies rooted in italy and latin american countries as well as the middle east asia and africa specialized in the design and construction of pipelines oil and gas facilities petrochemical plants power plants and transmission lines mining and metal complexes and other infrastructure and civil projects . tenova tenova s subsidiaries operate in five continents supplying with innovative technologies direct reduction plants submerged arc furnaces cold rolling mills strip processing lines roll grinders automated roll shops engineering and epcm services mining and bulk handling systems see tenova takraf minerals processing and modular plants solid liquid separation solutions furnaces and smelting plants . tecpetrol active in oil and gas exploration and production in several latin american countries and the united states . humanitas holds a number of research committed health care institutions of high complexity in italy managed through a patient oriented approach relying on a generalized application of state of the art integrated information technology systems . references edit a b c d e f g h i j k techint brochure 2011 the independent 404 . the independent . a b http www.techint.com media techintcom brochures techint bilancio.ashx techint compr la acer a mexicana hylsamex por us 2.217 millones . clarin.com . business & financial news breaking us & international news reuters.com . reuters.com . ternium to obtain control of mexico based grupo imsa april 30 2007 thousands strike at venezuela s sidor steel . reuters . venezuela says ternium sidor stake worth 800 mln . reuters . harvey beltr n. ternium agrees to receive sidor payment in two installments . bnamericas . a b cr tica . criticadigital.com.ar in spanish . 27 may 2009 . history of siderar s.a.i.c. fundinguniverse . fundinguniverse.com . business & financial news breaking us & international news reuters.com . reuters.com . nkk monthly release august 1 2000 . jfe holdings.co.jp . external links edit techint group home page tenaris home page ternium home page techint e & c home page tenova home page tecpetrol home page humanitas home page retrieved from https en.wikipedia.org w index.php title techint & oldid 740182476 categories techintmultinational companies headquartered in italymanufacturing companies of italycompanies established in 1945conglomerate companies of italyhidden categories cs1 spanish language sources es navigation menu personal tools not logged intalkcontributionscreate accountlog in namespaces article talk variants views read edit view history more search navigation main pagecontentsfeatured contentcurrent eventsrandom articledonate to wikipediawikipedia store interaction helpabout wikipediacommunity portalrecent changescontact page tools what links hererelated changesupload filespecial pagespermanent linkpage informationwikidata itemcite this page print export create a bookdownload as pdfprintable version in other projects wikimedia commons languages deutschespa olfran aisitalianonederlands edit links this page was last modified on 19 september 2016 at 15 24 . text is available under the creative commons attribution sharealike license ; additional terms may apply . by 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