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Llodio, November 6, 2019. Thanks to the continuous increase in TUBACEX order intake month by month, the Group has consolidated its growth with a backlog standing at 40%, above the average for recent years. Short-term prospects are positive and are mainly determined by TUBACEX position in the umbilical offshore tubes segment with a record portfolio and almost 100% of 2020's capacity already sold on the one hand; and thanks to TUBACEX position in key regions where the company is at the final awarding stages of large projects, on the other.   


Llodio, July 25, 2019. After more than four years of crisis in the energy sector, the overall and gradual market recovery is becoming more and more consolidated. Therefore, in the first half of 2019, the TUBACEX order intake has increased by 40%. Sales amounted to €323.5 million and the EBITDA stood at €33.3 million with a margin of 10.3%, which is higher than the margin in the same period of the previous year. Profit amounted to €5 million.


Llodio, July 1, 2019. TUBACEX, global leader in the manufacture of stainless steel and high-alloyed seamless tubular products, and the “Instituto de Crédito Oficial” public business institution (ICO), have signed a loan agreement for 30 million euros to promote the group's growth and diversification strategy

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