TUBACEX has announced a price increase of 3% in seamless stainless steel pipes as well as tubes; this also includes hollow bars. The company has also announced a price increase of 5% for instrumentation tubing as a consequence of the current market conditions. The price increase will take effect on all new orders placed from 1 April 2012 and onwards. A major seamless stainless steel tube manufacturer, TUBACEX has industrial facilities in Spain, Austria and USA and sales offices all over the world. In 2011, the Group had sales amounting to EUR 486.6 million.