Tubacex surpasses €100 million in umbilical tubing orders
The orders are for subsea projects in Angola, Guyana, and the North Sea to a leading operator.
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Advanced materials and industrial solutions manufacturer
tubacex.comLast updated
In short: Tubacex approved a 6.4 million euro shareholder payout and launched a joint venture in Abu Dhabi despite geopolitical pressures affecting profits.
The orders are for subsea projects in Angola, Guyana, and the North Sea to a leading operator.
The agreement covers Tubacex Tubos Inoxidables and Aceralava plants and was signed with majority unions.
The company reported adjusted EBITDA of €105.8 million and highlighted growth in subsea, nuclear, and aerospace segments.
Tubacex reported €105.8m adjusted EBITDA, highlighted TBX Nexxia and the ADNOC contract, and noted growth in nuclear and aerospace.
These are orders for 'subsea' installations that require high technology and resistance to extreme conditions...
MADRID, 22 (EUROPA PRESS) Tubacex S.A. has reported the operations carried out on its own shares between June 15 and June 19, 2026...
The company communicates to the staff the need to resort to this labor flexibility mechanism from July 6 to February 28...
The company argues productive and organizational reasons. LAB asks to withdraw the measure and questions that it is proposed at a time of high portfolio...
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