TUBACEX Group continues to grow in strategic businesses
to be closer to the end user
Within its strategy to become a global supplier of tubular solutions, TUBACEX has reinforced its fittings and special components extensive production program with the joint venture signed with the Japanese company Awaji Materia. This strategic acquisition enables the company to complete the fittings range offered until now through TTA (Spain) and IBF (Italy). In particular, TUBACEX Awaji Thailand, with a current workforce of 40 employees will produce stainless steel elbows reducers, tees and caps, with an expected turnover of 20-25 million in three years.
This decision has been made against a market background deeply affected by the crisis and low oil prices which has had a greater impact on the fittings segment. Nevertheless, TUBACEX has restructured its plants aiming to specialize to obtain higher productivity and profitability ratios; always facilitating the generation of sales and industrial synergies; as well as having the capacity to offer the required packages demanded by the market. In addition, a recovery is expected in the nuclear sector with the announcement of new plants to be built in India, the UK, Poland and Russia among other countries. This situation could have a positive impact on the group, more specifically on IBF, since it is the sole supplier approved for the manufacture of key strategic parts.
A structure capable of generating synergies between its plants
With the acquisition of Awaji Materia Thailand and specialization of the other plants, TUBACEX is making progress towards achieving targets of diversification and growth in the value chain.
Product availability worldwide
Furthermore, TUBACEX Group is able to provide immediate product availability through TUBACEX Service Solution (TSS), the largest global master distributor of seamless stainless steel and high nickel alloys tubes and fittings with a worldwide network of own warehouses in Central Europe, France, Spain, Houston, Brazil, Middle East, Iran and India.
TUBACEX activity in the fitting segment:
IBF: special high added-value and standard fittings exceeding 12-14 inches.
TTA: hot rolled small fittings (bored) and U-shaped fittings.
TUBACEX Awaji Materia: standard fittings with small diameter for traditional TUBACEX pipes.
