The 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...
TUBACEX 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...
TUBACEX 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...
TUBACEX 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...
TUBACEX 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...
TUBACEX 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...
TUBACEX 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...
TUBACEX 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...
TUBACEX shows resilience in the results in spite of the strong fall in demand
TUBACEX has registered sales of €414.5 M up to September 2015. The EBITDA stands at €41.8 M, with a margin of 10.1%. Net Profit amounts to €14.1 M with a margin of 3.4%. TUBACEX, the world leader in the manufacture of seamless stainless steel tubes and high alloys, is...
TUBACEX presents results aligning with its forecast
TUBACEX registered sales of €302.5 M in the first half of the year. EBITDA stood at €33.7 M, with a margin of 11.1%. Net profit increased by 1.8%, compared to the same period last year, reaching €14 M. TUBACEX, the world leader in the manufacture of stainless steel...