TUBACEX | Sells its distributor Tubos Mecánicos for 25 million €

Tubacex is accelerating its strategic plan for supplying comprehensive high technological value solutions in a market that faces decarbonisation and the promotion of clean energy.

For this purpose, Tubacex recently sold Tubos Mecánicos to the Galician metallurgical group Hierros Añón for 25 million euros. With this operation, the Basque-based company disinvests in a non-strategic asset to reinforce its balance and face future growth aligned with energy transition.

Tubacex is a multinational group based in Álava and a global leader in the manufacturing of stainless steel and high alloy-content tubular products, with 20 production plants (in Spain, Austria, Italy, United States, India and Thailand, as well as Saudi Arabia, Dubai, Norway, Canada and Singapore, through the NTS Group). It also has service centres worldwide and offices in 38 countries.