
- 2010
- 2011
- > Significant growth of tube orders (December 2011)
- > Q3 2011 Results Release (November 2011)
- > Tubacex signs an agreement with Trade Unions as part of current collective agreement to increase competitiveness (September 2011)
- > Q2 2011 Results Release (August 2011)
- > New Products increase amount of orders (July 2011)
- > Tubacex Management and Trade Unions reach an agreement (July 2011)
- > Tubacex inaugurated a new plan to manufacture Umbilicals (June 2011)
- > Annual Shareholders meeting 2010 (May 2011)
- > Q1 2011 Results Release (May 2011)
- > 2010 Results Release (February 2011)
- > Investments made by Tubacex in 2010 (January 2011)
- 2012
- > Q3 2012 Results Release (November 2012)
- > Tubacex signs an agreement with twelve financial institutions (October 2012)
- > Tubacex will attend three international trade fairs (September 2012)
- > Tubacex is drawing up a new Strategic Plan (September 2012)
- > Q2 2012 Results Release (July 2012)
- > Tubacex will double OCTG Tube production capacity (June 2012)
- > Annual Shareholders Meeting 2011 (May 2012)
- > Q1 2012 Results Release (May 2012)
- > Tubacex increases prices (March 2012)
- > 2011 Results Release (February 2012)
- > Investments made by Tubacex in 2011 (January 2012)
- > Significant increase in sales in 2011 (January 2012)
- 2013
- > TUBACEX increases profits by 26.5% between January and September (November 2013)
- > TUBACEX increase its EBITDA by 19.9% in the first half of 2013 (July 2013)
- > TUBACEX will pay a supplementary dividend of 0.0043 euros per share on 1 July (June 2013)
- > Shareholders' Annual General Meeting 2012 (May 2013)
- > TUBACEX registers 38.6% increase in EBITDA and trebles Net Profit in the first quarter of 2013 (May 2013)
- > TUBACEX will pay its shareholders on 15 april an interim dividend of 0.0231 euros per share (April 2013)
- > 2012 Results Release (February 2013)
- > TUBACEX registered net profit reaching 11.86 million euros in 2012 (February 2013)
- > TUBACEX appoints Jesús Esmorís as new CEO (January 2013)
- 2014
- > Tubacex will pay its Shareholders on 20 January an interim dividend of 0.0231 Euros per share (December 2014)
- > TUBACEX increases profit before tax by 97% up to September (November 2014)
- > TUBACEX Acquires the italian company, IBF (November 2014)
- > TUBACEX enters into a letter of intent for the acquisition of the italian company, IBF (July 2014)
- > TUBACEX increases profit before tax by 39,8% in the first half (July 2014)
- > TUBACEX will pay a supplementary dividend of 0.0231 euros per share on 1 July (June 2014)
- > Shareholders' Annual General Meeting 2013 (May 2014)
- > TUBACEX increases profit before tax by 45.1% in the first quarter (May 2014)
- > 2013 Results Release (February 2014)
- 2015
- > TUBACEX and the EIB sign a loan agreement for 65 million euros (December 2015)
- > TUBACEX shows resilience in the results in spite of the strong fall in demand (November 2015)
- > TUBACEX presents results aligning with its forecast (July 2015)
- > TUBACEX completes the acquisition of the Indian company Prakash (July 2015)
- > TUBACEX issues promissory notes maturing in 3 months for a total of 15 million Euros and an annualized coupon of 0.85% (July 2015)
- > TUBACEX is well prepared to face the oil crisis (May 2015)
- > TUBACEX increases its profit in spite of the serious oil crisis (May 2015)
- > TUBACEX nearly doubles profit before tax and reduces debt by 22% in 2014 (February 2015)
- > TUBACEX acquires the seamless stainless steel tube business of an Indian company (February 2015)
- > TUBACEX increases its promissory note emission program to 75 million euros (January 2015)
- > TUBACEX completes the acquisition of the Italian company IBF S.p.A. (January 2015)
- 2016
- > TUBACEX leads the Project AMBAR to develop Oil&Gas solutions (November 2016)
- > The President of the Basque Country visits TUBACEXs leading-edge plant (November 2016)
- > The market share increase in premium products enables TUBACEX to withstand the crisis (November 2016)
- > TUBACEX has signed a Joint Venture with the Japanese firm, Awaji (September 2016)
- > TUBACEX reduces debt and generates benefits in a very unfavorable market environment (July 2016)
- > TUBACEX and the Basque Government promote Dual Training (July 2016)
- > TUBACEX progresses towards tubular solutions and targets Asia in its growth strategy (May 2016)
- > TUBACEX resists the market environment thanks to its solid strategic plan (May 2016)
- > TUBACEX reports a sales drop of 2.4% amid a very weakened market situation (February 2016)
- 2017
- > TUBACEX secures a profit of 1.1 million in spite of the unprecedented crisis in the sector (November 2017)
- > TUBACEX obtains profit of 1.9 million euros in a still very weak market environment (July 2017)
- > Fundación ONCE and TUBACEX are working together to foster the employment of disabled people (June 2017)
- > TUBACEX Group reaches a backlog of 700 million for Premium Products (May 2017)
- > TUBACEX consolidates its position in the Premium segment which accounts for 70% of the Group's sales (May 2017)
- > TUBACEX increases its operating profit (EBITDA), reaching a margin of 10% (May 2017)
- > TUBACEX closes 2016 with positive net income in the sector's worst year in history (February 2017)
- 2018
- > TUBACEX and MIDHANI signs MOU to expand and grow in Indian energy growth Plan (January 2019)
- > TUBACEX's sales rose 40.3% to reach 519.9 million Euro (November 2018)
- > TUBACEX signs a letter of intent in Egypt for the development of nuclear energy (October 2018)
- > TUBACEX's sales rose 49.4% to reach 360.6 million Euro (July 2018)
- > TUBACEX presents its new Board of Directors (May 2018)
- > TUBACEX sales increased by 28% in the first quarter 2018 (May 2018)
- > TUBACEX closes 2017 in a record-breaking year for Premium order winning (February 2018)
- TUBACEX beat - Nº01
- TUBACEX beat - Nº02
- TUBACEX beat - Nº03
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- TUBACEX beat - Nº04
- TUBACEX beat - Nº05
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- TUBACEX REINFORCES its sales network and TSS structure
- TUBACEX beat - Nº06
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- The training of the FUTURE as a lever for transformation
- TUBACEX beat - Nº07
- TUBACEX beat - Nº08
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- TUBACEX beat - Nº09
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- TUBACEX beat - Nº10
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- TUBACEX beat - Nº11
- TUBACEX beat - Nº12
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- TUBACEX beat - Nº13
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- TUBACEX beat - Nº14
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- TUBACEX beat - Nº15
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Latest News
Significant growth of tube orders
The demand of tubes for investment projects in the oil exploration and extraction industry has experienced a significant increase throughout 2011. Thus, tube order intake in this sector has grown to more than double during the year and it is the first sector of demand of tubes for new investment projects.
This increase is determining in the performance of the demand of tubes for oil and gas exploration and extraction (OCTG), which is manufactured at the Amurrio factory.
TUBACEX decided to develop production capacities strategically in those value-added segments requiring a high level of expertise within the oil, gas and power generation industries, and which are expected to grow the most, such as the exploration and extraction of oil and gas in extreme conditions (offshore and deep water extraction) and power generation in state-of-the-art plants. The development of a strategic alliance with Vallourec & Mannesmann is also leading to important orders in the power generation and OCTG sectors.
The tube order intake for investment projects in the power generation industry has also grown significantly. These two sectors, oil and gas exploration and extraction and power generation, represented almost half of the order intake for new investment projects in 2011, which gains weight within the mix of high added-value products sales.
Another sector of demand that has shown a positive performance is the refining industry, with a considerable order intake during the year. This is one of TUBACEX's most important sectors of demand.
Order intake has dropped in other sectors with a lower quantitative relevance, such as the nuclear sector. This sector's investments have been negatively influenced by the Fukushima nuclear power plant disaster after the earthquake in Japan and subsequent tsunami, in March 2011.
Nagore Larrea