Tubacex signs an agreement with twelve financial institutions
TUBACEX SUCCESSFULLY SIGNS AN AGREEMENT WITH TWELVE FINANCIAL INSTITUTIONS TUBACEX, the second global manufacturer of seamless stainless steel tubes, has successfully ended negotiations and signed bilateral agreements with twelve financial institutions - including the...
Tubacex is drawing up a new Strategic Plan
TUBACEX IS DRAWING UP A NEW STRATEGIC PLAN FOR 2013-2018 TUBACEX is drawing up a new Strategic Plan for 2013-2018, which foresees the Group's growth over this period through the increased importance of high value-added products on total sales and the company's greater...
Q2 2012 Results Release
Sales increase by 12% and order intake rises by 28% Tubacex achieves 6.1 million euros net profit in the first half of the year has recorded a consolidated net profit of € 6.12 M in the first half of 2012, which is a significant improvement over the results obtained...
Tubacex will double OCTG Tube production capacity
TUBACEX WILL DOUBLE OCTG TUBE PRODUCTION CAPACITY IN THEIR AMURRIO PLANT TUBACEX expects to double their production capacity of tubes for oil and gas exploration and extraction (OCTG) by creating a new cold-rolling line at their Amurrio plant, which will start...
Annual Shareholders Meeting 2011
TUBACEX is preparing a new Strategic Plan for growth in high value-added products and increased penetration in emerging countries. This year TUBACEX is going to double its OCTG tube manufacturing capacity at its Amurrio plant. Order intake for the first quarter has...
Q1 2012 Results Release
Order intake increased by 16%, compared to the previous quarter TUBACEX OBTAINS AN EBITDA OF 10.37 MILLION EUROS IN THE FIRST QUARTER TUBACEX has recorded a gross operating profit (EBITDA) of 10.37 million euros and a net profit of one million euros between January...
Tubacex increases prices
TUBACEX announces a price increase of 3% in seamless stainless steel pipes & tubes (including hollow bars) and of 5% for instrumentation tubing as a consequence of the current market conditions, as announced today by the company. The price increase will be...
2011 Results Release
In 2011 TUBACEX has registered a net profit of 3.66 million euros, which is the company's first positive figure after the losses registered in 2009 and 2010 as a result of the major international financial crisis, according to the information provided by the company...
Investments made by Tubacex in 2011
IN 2011 TUBACEX HAS MADE INVESTMENTS AMOUNTING TO 19.30 MILLION EUROS Throughout 2011, TUBACEX has deployed investments in technical facilities and machinery amounting to 19.30 million euros, especially those seeking the development of production capacity in those...
Significant increase in sales in 2011
SIGNIFICANT INCREASE IN SALES IN 2011, ESPECIALLY IN EUROPE AND NORTH AMERICA Along 2011, TUBACEX has registered 486.60 million euros of consolidated sales, which represents an increase of 34.5% against the 2010 figure. Sales have grown in Europe, North America and...