The main demand segments for the tubes manufactured by TUBACEX are the oil and gas, petrochemical, chemical and power generation industries. It also devotes part of its production to the mechanical industry, aerospace, food, water desalination, electronics, capital goods and new technologies, among other industries.

The company`s staff has approximately 1,950 members with over 20 different nationalities and spread out through 15 countries.

TUBACEX is listed in the Spanish Stock Market (TUB MC) since 1970 and its shares are integrated in the IBEX MEDIUM CAP index.

INNOVATION IN HIGH VALUE-ADDED PRODUCTS

As a result of the new strategic approach entailing a key business vision change, TUBACEX redefined in 2013 the Group’s innovation strategy.

In general, the company is committed not only to added value or product complexity but also to developing comprehensive solutions for customers and innovative service models. For this purpose, new capabilities and new management ways are required to be developed in a structured way according to a consistent, achievable plan and adapted to the current reality of Tubacex.

The Tubacex Group has made a significant effort in innovation in recent years, which is constantly being reflected in the results and in the sales figure. Sales of new products have increased significantly, exceeding 30% of sales of manufactured tube, as a result of the commercial success of the projects developed. Important approvals with potential customers have also been obtained, which will enable sales of high value-added products to increase in the future.

Since 2008, and more notably in the past two years, we have entered all of the strategic sectors that were defined as targets, namely: OCTG, umbilical offshore tubes, ultra supercritical boilers and recently, fertilizers.
This has been possible thanks not only to R&D activities, but also to significant investment in recent years, in excess of €150M, and the improved processes in all of the Group`s plants.

Tubacex Innovación
The Tubacex Group has a corporate innovation unit called Tubacex Innovación, with human and technical resources devoted exclusively to Innovation activities, consisting of product R&D projects and development projects for the different industrial plans of Group companies, in which technological development is required.

In 2014 a new laboratory specifically devoted to R&D andis located on the Zamudio Scientific and Technology Park (Bizkaia), was opened.
This new laboratory will accelerate the development of the R&D unit, in skills such as metallurgical and metallographic knowledge, which is key for the development of new materials and processes.

The creation of the new laboratory will act as a base for the future growth of the R&D capacities of the Tubacex Group, enabling closer collaboration with customers in the development of new solutions for the energy sector.

SALES IN OVER 60 COUNTRIES AROUND THE WORLD
During the year 2014, TUBACEX has sold its products in over 60 countries around the world.

Of the total sales of 2014, sales in Europe, the natural market of the company, accounted for 56%. Asia is the fastest growing region with 25% of the total sales. Finaly the United States and Canada, accounted by 15% of the total.

OIL AND ENERGY, THE MAIN DESTINATION OF OUR PRODUCTS
The main sectors demanding the tubes manufactured by TUBACEX are the oil and gas, petrochemical and power generation industries, which accounted for over 90% of the Group`s sales. It also devotes part of its production to the mechanical industry, aerospace, food, water desalination, electronics, capital goods and new technologies, among other industries.

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