
TUBACEX leads the Project AMBAR to develop Oil&Gas solutions
Tubacex leads the Project AMBAR which main objective is to develop Products and Technologies for Oil & Gas Solutions in Marine Environments that will improve and consolidate the technological and commercial position of Basque companies in the sector and thus...
read moreThe President of the Basque Country visits TUBACEXs leading-edge plant
The Lehendakari, or Basque President, was accompanied by the Regional Minister for Economic Development and Competitiveness; the Regional Minister for Education, Language Policy and Culture; and the Deputy Ministers for Industry and Vocational Training and the...
read moreThe market share increase in premium products enables TUBACEX to withstand the crisis
The increase in the market share of value-added products and the continuous improvement in operations and management are enabling the Group to successfully manage an unprecedented crisis in the Oil&Gas sector. Sales for the first nine months of the year amounted...
read moreTUBACEX has signed a Joint Venture with the Japanese firm, Awaji
This Joint Venture complements the “fittings” range that TUBACEX currently offers through TTA (Alava) and IBF (Italy), allowing for industrial synergies with its tube plant located in India. It is expected that the new company, under the name of Tubacex Awaji Thailand...
read moreTUBACEX reduces debt and generates benefits in a very unfavorable market environment
Sales in the first half have dropped by 13.5%, standing at €261.5M and EBITDA has reached €19.9M, which was 40.9% below that obtained in the same period of 2015. However, in the second quarter EBITDA grew by 57% with respect to the first quarter of 2016 as a result of...
read moreTUBACEX and the Basque Government promote Dual Training
This training program has been devised in close collaboration with the Basque Government, Confebask and SEA in its plan for carrying out dual quality training in Euskadi. A training program of four years duration, 75% of which is carried out in the company and 25% in...
read moreTUBACEX progresses towards tubular solutions and targets Asia in its growth strategy
TUBACEX is committed to its strategy of becoming a worldwide supplier of tubular solutions. The company is dealing with the worst crisis in the sector with a cost-cutting plan, operational improvements at its plants, diversification towards Premium products, markets...
read moreTUBACEX resists the market environment thanks to its solid strategic plan
Investment cuts by the oil companies and the continued fall of raw materials have led to a 24% drop in sales, placing them at €121.4 million. The TUBACEX diversification strategy towards new products, sectors and markets has mitigated the market impact on its Income...
read moreTUBACEX reports a sales drop of 2.4% amid a very weakened market situation
Net cash generation before acquisitions amounted to 37 million • 2015 has been difficult due to a large fall in demand between 30% and 50% in the sector •TUBACEX strategic plan has succeeded in minimizing the impact of the declining oil and nickel prices which led to...
read moreTUBACEX and the EIB sign a loan agreement for 65 million euros
The loan will promote TUBACEX R&D&I initiatives for the development of new tubular solutions that provide added valued to the market. The agreement was signed today in Madrid by the EIB Vice-President Román Escolano and the TUBACEX CEO, Jesús Esmorís. The...
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