In a context of a “slow” increase in workload, the company also hopes to “lift” as soon as possible the ERTE (Temporary Employment Regulation Files) it maintains in its factories in Amurrio (Álava) and Trapagaran (Bizkaia), after extended until the end of July.
Collected tubeswhich has ended the past two years with record results, 2024 has begun immediately order book “stable, but below needs”since a “sufficient” order book would be “30-40%” higher than what they currently have, which they hope to achieve in the second half of the year.
This was stated on Thursday by the non-executive president of the company for the production of seamless pipes, Carlos Calvo, and its CEO, Carlos López de las Heras, in the context of the ordinary general meeting that Tubos Reunidos held in Bilbao.
In a context of ‘slow’ increase in workload, they also hope to ‘eliminate’ the workload ERTE – Temporary Employment Ordinance Files – which they maintain in their factories. Amurrio (Álava) and Trapagaran (Bizkaia), after extending it until the end of July.
The company recorded a “spectacular” fiscal year 2023, in the words of the CEO, after achieving a net result of 56.3 million euros, compared to 43.5 million in 2022, which amounts to almost 100 million in the two-year strategic plan. which, according to those responsible, continues to achieve the set objectives.
These results “put us on another level” and “Today Tubos Reunidos is more solid than two years ago,” said the CEO. “We have managed to achieve industry milestones and a positioning that we saw as far away in 2020,” he said.
Between the “milestones” Last year’s targets included the unification of the company’s steel mills – the linchpin of the strategic plan and a step towards decarbonisation – and the reduction of net debt from 293 to 282 million euros. The debts were also further reduced last January, with a decrease of 28%, although the debt level is higher than desired.
The president explained vectors mainly what they are working on at this time: intensify the company’s commercial activity in current markets; look into other markets such as East and Southeast Asia; prioritizing “premium products”; and, in the context of the energy transition, produce products with low emissions, with a focus on the development of new growth lines such as geothermal energy, hydrogen or bioenergy. The company also wants to improve its oil and gas operations in the US.
The company’s CEO has in turn demonstrated that the US is a relevant market for Tubos Reunidos, and that at a hypothetical return of Donald Trump If he were to choose to ‘close’ imports as president of the country, it would ultimately damage the company.
Source: EITB
I’m Wayne Wickman, a professional journalist and author for Today Times Live. My specialty is covering global news and current events, offering readers a unique perspective on the world’s most pressing issues. I’m passionate about storytelling and helping people stay informed on the goings-on of our planet.
