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TUBACEX positions itself in the PREMIUM SEGMENT

TUBACEX evolution in the Premium segment is reflected in its turnover with up to 70% of its invoicing corresponding to high value-added products.

TUBACEX Group has evolved towards high technological value solutions with a firm commitment to R&D, investment plans in all plants to improve processes, delivery deadlines and safety, as well as the development of new products, grades and technologies, resulting in a position in the Premium segment. In 2016, historical milestones were achieved in these types of products and in particular, its role in the tubes for boilers segment with ultra-super-critical technology which has beaten invoicing in the Oil&Gas market for the first time.

This strategy focused on Premium products, the improvement of company sales positioning and entering new markets, have boosted the sales of higher value-added products by TUBACEX. This has led the company to start off the second quarter with a backlog of orders worth €700 million in these types of products – the highest figure in its history, to be supplied during the next three years.

These orders include mainly tubular solutions of high technological value for the gas and oil extraction sectors (umbilical offshore tubes and Oil Country Tubular Goods or OCTG), petrochemical, as well as power generation with supercritical technology (boilers), mainly manufactured in the Basque Country (TTI and ACERALAVA), Austria (SBER) and Italy (IBF). These plants have undergone a major technological evolution to become examples of Industry 4.0 and have been the Group's decisive step towards high value-added products.

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THE MIDDLE EAST

A special focus on Iran, where TUBACEX Group will supply the National Iranian Oil Company (NIOC) with tubes for gas extraction and production.

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ASIA

With a special focus on the Caspian Sea where TUBACEX Group has secured the largest order of Umbilical Tubes in its history for Shah Deniz, one of the largest gas fields worldwide. In addition, another market worth mentioning is China, where tube orders for five new power stations have been placed, as well as a major order of Premium tubes for one of the main oil refineries in the country..

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EUROPE

Chiefly in the UK, Norway and Russia, with a large OCTG order for the main Russian oil company (Lukoil) and tubular products for refinery furnaces manufactured with Premium high temperature resistant steel.