The TUBACEX Shareholders’ General Meeting 2022 unveiled the company’s new strategic plan, culminating a cycle based on the design and manufacture of integrated tubular solutions.
The new TUBACEX Strategic Plan foresees the company becoming a key supplier to the energy and mobility sectors, all the while maintaining its identity, based on globality – with an active presence in the world’s leading markets; a focus on highly-demanding applications and sophisticated solutions; and a commitment to sustainability.
To reach this goal, up to 2030 the business will be divided into three main lines. First of all, TUBACEX will mentor clients through their decarbonisation processes, by means of enhancing existing products. Second, it will expand its presence in low-emission energy, creating a new business unit to develop innovative solutions in power generation, storage and transport for the hydrogen market and other emerging industries. Finally, TUBACEX will analyse other opportunities for organic and inorganic growth in the energy and mobility sectors, extending into new businesses.
The Plan is structured around five strategic lines: the Sustainability Plan, the stability of the company’s current business lines, diversification, slashing net debt, and competitiveness.
