TUBACEX has recently forecast a complicated market environment for 2016, dominated by the decline in raw materials, cuts to capital expenditure and delays in the implementation of projects linked to Oil & Gas. In spite of this, at its Shareholders’ General Meeting held recently in its Llodio headquarters, the company announced that it will continue with key strategic investments and that corrective measures will continue to be developed to optimize short-term results, ensuring medium and long-term growth.
These measures include some which have already been announced, geared towards cost reductions; operational improvements at the production plants; diversification towards Premium products, markets and sectors with growth potential; and the reduction of financial costs.
âOur command of the technological processes, added to the knowledge of the performance of the product and of the market itself, allows us to strengthen our range of solutions, taking a qualitative leap in the business concept from manufacturer to global supplier of tubular solutionsâ? stated Jesús Esmorís, CEO of TUBACEX. This business concept is possible thanks to its commitment to Innovation, an area which has continued to focus on capital expenditure in order to develop new products, processes and technologies.
