Notably, it is consolidating its recovery with an order book at “historic record levels” of more than 1,500 million, the result of the “success” of its geographic expansion strategy and sector diversification, the company said.
Euskaraz irakurri: Tubacexek 9.1 milioiko emaitza garbiarekin itxi du seihilekoa eta salmentak bikoiztu ditu 353.8 milioiraino
Tubacex has the first semester of the year with a net result of 9.1 million compared to losses of 23.3 million in the same period of the previous year and has doubled their turnover to 353.8 million. In addition, he emphasized that he is consolidating his recovery with a order book at a historic record level, above the €1.5 billionaccording to the information sent to the CNMV.
As he noted, these results demonstrate the “success” of Tubacex’s strategy “in a market environment characterized by inflationary pressures”.
The company has emphasized that in recent years it has been geographic expansionYes sector diversificationin addition to performing a reorganization of production with a product mix according to the profile of each of the 20 plants the group has around the world. In his opinion, this strategy has stimulated growth and allowed “to restore normalcy and return to profit in all companies of the group”.
Likewise, he stated that the commercial strategy pursued in recent years has allowed access to various framework agreements with the industry’s key agents, enabling him “to be positioned where his demand is”. In particular, he emphasized that an example of this is the agreement recently signed with the Abu Dhabi National Oil Company (ADNOC) for a value of more than 30,000 tons and a duration of ten years to provide comprehensive solutions for the extraction of gas in the Middle East, and which includes the construction of a new plant in Abu Dhabi, the first plant to produce OCTG (Oil Country Tubular Goods) in the Middle East.
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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.
