Tenaris is a multinational manufacturer and supplier of seamless and welded steel pipe products and provider of pipe handling, stocking, and distribution services to the oil and gas, energy, and mechanical industries. It is a majority-owned subsidiary company of the Argentinean/Italian group Techint. It is headquartered in Luxembourg and is also a supplier of welded steel pipes for gas pipelines in South America. With manufacturing facilities in Argentina, Brazil, Canada, China, Colombia, Italy, Japan, Mexico, Romania, and USA and a network of customer service centers in over 20 countries. Tenaris has an annual production capacity of 3.3 million tons of seamless, and 2.8 million tons of welded pipes, annual consolidated net sales in excess of US$ 12.1 billion (2008) and 23,500 employees worldwide. Tenaris has recently[when?] bought Hydril and later split the premium connections from pressure control side of the business. The pressure control business was sold to GE Oil and Gas in April 2008. The companys CEO is Paolo Rocca; its CFO is Edgardo G. Carlos, its CIO is Carlos Pappier and its Planning Director is Alejandro Lammertyn.