Chamber of Commerce recognizes Tenaris for excellence in economic impact to community

Tenaris received the Economic Impact Award from the Sault Ste. Marie Chamber of Commerce in recognition of the company’s meaningful contributions to the local economy and commitment to the community.

“We’re proud to honour Tenaris this year not only for their economic impact but also for their strong
contributions to the community of Sault Ste. Marie. They are true difference makers,” said CEO of the
Sault Ste. Marie Chamber of Commerce Rory Ring.

The award, sponsored by Algoma Steel, honours a Chamber member that has made significant contributions to the economic vitality of Sault Ste. Marie through innovation, entrepreneurship, new
investments, and commitment to the region. Algoma Steel Vice President John Naccarato presented
Tenaris President in Canada Martin Castro with the award during the annual Sault Ste. Marie
Chamber of Commerce Business of the Year Awards ceremony held May 9th.

“Congratulations to Tenaris on being awarded this year’s Chamber of Commerce’s Economic Impact
award. Algoma Steel is proud to collaborate with our neighbour in Sault Ste. Marie, fostering a strong
partnership to provide green Canadian made steel solutions for the Canadian oil and gas sector.
Tenaris’s substantial investment into their local operations underscores a commitment to sustainable development in Sault Ste. Marie for generations,” said Algoma Steel CEO Mike Garcia.

Over the past four years, Tenaris has invested more than $200 million at its industrial centre to
centralize its pipe manufacturing operations in the Sault, expanding its product capabilities to better
serve the development of Canada’s energy resources, as well as preventative maintenance to
preserve the safe, optimal performance of its operations. The scheduled maintenance project was performed by hundreds of local contractors, in addition to employees. In recent months, Tenaris has
reached record levels of production across several of its lines.

These investments have resulted in Tenaris growing its employee base to 1,200 across Canada as
well as the company expanding its oil and gas customer base.

“We are here for the long haul. Our investments for growth extend outside our industrial walls as our
success considers the strength of our communities,” said Martin Castro, Tenaris President in Canada.
“We believe that strength stems from the collective advancement of our community, ensuring the
next generation of leaders have the educational resources at hand to train and improve their skills.
We partner with associations such as the Chamber as well as those at a national scale, with like-
minded goals, to promote the development of our communities and of our sector.”

Tenaris was also presented with the Community Investment Award from the Chamber for its
leadership and longstanding commitment to the community, of which it has been a part of for nearly
25 years.

In the last year, Tenaris has invested $750,000 in community initiatives with the majority in the
Sault. Tenaris’s community focus has centered around education, raising the exposure and introducing
students and young professionals to the skilled trades and STEM-related fields through training,
infrastructure, and scholarships; strategic donations such as its support to healthcare in Northern
Ontario, including bursaries to family physicians; encouraging employee volunteerism and participating in family-focused events and festivals that promote cultural diversity and inclusion.

Tenaris also sponsored three Chamber awards recognizing indigenous reconciliation, safety, and
community investment: Community Investment Award, Indigenous Business of the Year; and Safe
Work, Sound Business Award.

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