Tag: Tubacex

TUBACEX, a global leader in the manufacture of stainless steel and high-alloyed seamless tubular products, and the “Instituto de Crédito Oficialâ€? public business institution (ICO) have signed a loan agreement for 30 M euros to promote the group's growth and diversification strategy.

TUBACEX's positioning in the high technological value product segment along with its integrated offer of tubular stainless steel solutions has enabled the company to emerge stronger from the longest crisis in the sector.

TUBACEX has presented its results for the Q1 of 2019 to the CNMV, in which it has obtained sales of €143.5 M, down 14.8% on the same period for the previous year.

TUBACEX has recently reported its financial results for the fiscal year 2018, with an EBITDA of €69/6M, which is the highest since 2008 and represents 2.

TUBACEX and SENAAT, an industrial investment holding company owned by the Emirate of Abu Dhabi, have started a strategic partnership to support the development of energy projects in the Middle East.

TUBACEX and the Indian company, Mishra Dhatu Nigam Limited (MIDHANI), have signed a MoU for development of diverse key projects in the region.

Reduction of overall maintenance costs for critical equipments have been the need of the hour for many high temperature applications.The service conditions seen in many high-temperature applications are extremely aggressive and harsh. The lifespan for a high-temperature component is often relatively short compared to applications at “normal” temperatures.

TUBACEX continues to have improvements in profits after the Oil & Gas sector has recovered from the worst crisis in its history.

Three years after the worst crisis ever to hit the oil industry, TUBACEX results are showing a significant improvement. During the first half of the year, the Company's sales have increased by 49.

TUBACEX announces its annual results anticipating the end of the worst crisis ever to hit the oil & gas sector. In a background defined by a permanent drop in volumes and prices remaining under pressure, with particular impact on results during the last three years, TUBACEX has had sales of EUR 490.