TUBACEX closed 2018 with an EBIDTA of €69,6 million, the highest in the last decade
In 2018, sales amounted to €677.3 million, 38.1% higher than in the previous year, and the profit figure to €17.4 million. Even though the market has not yet recovered, a commitment to high technological value products and services combined with recent strategic...
TUBACEX and SENAAT join forces to grow in the Middle East
TUBACEX and SENAAT, an industrial investment holding company owned by the Emirate of Abu Dhabi, have signed an agreement to acquire NOBU Group, a company specialized in repairing and manufacturing high precision stainless steel components for the oil and gas...
TUBACEX’s sales rose 40.3% to reach 519.9 million Euro
Sales in the third quarter 2018 amounted to €519.9 million, representing a 40.3% increase in relation to the same period in 2017; while EBITDA stood at €55.3 million, 128.5% higher. TUBACEX’s strategy of betting on Premium high-tech products coupled with operational...
TUBACEX signs a letter of intent in Egypt for the development of nuclear energy
TUBACEX has established a consortium with the Russian company Tubes 2000 for the production and supply of equipment for what will be the country’s first nuclear power plant in El Dabaa. This non-binding statement assesses the development of manufacturing capabilities...
TUBACEX’s sales rose 49.4% to reach 360.6 million Euro
Three years after the worst crisis ever to hit the oil industry, Tubacex's results have started to improve due to the ongoing efforts to adapt its cost structure to the current environment and order backlog performance. The Company has doubled EBITDA which now stands...
TUBACEX and MIDHANI signs MOU to expand and grow in Indian energy growth Plan
Both companies have signed a MOU to establish the framework of this potential cooperation. This agreement would allow the development of advanced materials for the energy sector to be addressed jointly, as well as the promotion of local manufacturing capacities. This...
TUBACEX presents its new Board of Directors
The Shareholders' General Meeting has ratified the appointments of Antonio González-Adalid García-Zozaya as independent director; Isabel López Paños, as proprietary director; and approved the appointment of Iván Martén Uliarte and Jorge Sendagorta Gomendio as...
TUBACEX sales increased by 28% in the first quarter 2018
Sales in the first quarter 2018 amounted to €168.5 million, representing a 28.3% increase in relation to the same period in 2017; while EBITDA stood at €15.8 million, 21.0% higher. Although the market has not yet achieved a consolidated recovery in terms of volumes or...
TUBACEX closes 2017 in a record-breaking year for Premium order winning
This volume of high technological value orders will have an impact on the Group's books from the first quarter of 2018. “We are turning the corner of the worst crisis in history and look to the future with optimism and peace of mind in the knowledge that we have done...
TUBACEX secures a profit of 1.1 million in spite of the unprecedented crisis in the sector
The Oil&Gas sector is facing continued reductions in investments, with falls in volumes and prices. In this context, TUBACEX sales figures for the first nine months of the year have risen to €370.5 million, an increase of 1.2% over the same period last year, and...
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