
Aker Solutions selects TUBACEX as a delivery partner for umbilical tubes for key projects on the Norwegian Continental Shelf
An order intake for a sum of more than €70 million is one of the most significant deals in the umbilicals market. Solidifying TUBACEX’s technological position as a supplier of advanced industrial solutions for energy and mobility sectors. As a result of collaboration...
Tubacex leads a research project for the use of green hydrogen for the decarbonization of the Spanish intensive industry
The HY2DEC project will research new technologies for the production and use of green hydrogen to contribute to the decarbonization of the Spanish intensive industry. The project will be developed by a consortium led by Tubacex with the participation of six other...
TUBACEX reports record-breaking results in terms of profitability, liquidity, and visibility of its backlog
EBITDA amounted to €92.3M, and net income totals €20.2M. Sales amounted to €714.7M, almost double last year´s figure. The 1,650M€ backlog, the highest in Tubacex´s history, confirms a long-term structural trend. First major projects in energy sustainability with CO2...
TUBACEX links its 200 million euro promissory notes program to sustainability goals
Derio, February 21, 2023. As part of Tubacex's strategic commitment to sustainability goals, the company has registered a supplement to its regulatory documentation for its promissory notes program for an amount of 200 million euros on the Alternative Spanish...
TUBACEX recognized as a leading company in the world’s most prestigious climate change index
It is in the leadership band in the Climate Change 2022 Score Report drawn up by the Carbon Disclosure Project (CDP). The TUBACEX score of “A-” is above the European average of “B” and the average for the sector, which obtained a “C”. Llodio, February 1, 2023....
TUBACEX has already exceeded its results for 2019 and confirms that it will close the year better than foreseen
At the start of the year, TUBACEX set out to surpass the results obtained in 2018 and 2019, and it has already exceeded the EBITDA figure for the whole of 2019 in the first nine months of 2022. The EBITDA for the first nine months amounts to €67.3M, with a profit...
TUBACEX consolidates its recovery with a backlog at historic record levels
The EBITDA stands at €42.5M, with profit before tax of €10.4M. Company sales in the first half of the year have amounted to €353.8M, doubling those of the first half of 2021. The backlog is of more than €1,500M, a historic record level, in products for gas extraction...
TUBACEX secures its largest ever award worth in excess of 30,000 tons with ADNOC
The award involves the comprehensive supply of Corrosion Resistant Alloys (CRA) OCTG solutions for gas extraction in the Middle East over the coming ten years.TUBACEX to build a new tube and thread finishing plant in Abu Dhabi which will be operational in 2024 and...
New TUBACEX Strategic Plan focuses on energy and mobility
The TUBACEX Shareholders' General Meeting culminates a cycle in which the Group gained in efficiency and made huge progress in expansion and diversification. The new Strategic Plan 2022-2025 now kicks off, with the aim of making TUBACEX the supplier of sophisticated...
TUBACEX confirms its recovery with the best quarterly result since 2019
Profit is positive for the second consecutive quarter, consolidating the company’s recovery in spite of the global context of instability. Sales for the first quarter of the year amounted to €158.1M, up 82.7% on the same period for the previous financial year. The...