|
Jan-Sept 2011 (€ million) |
Jan-Sept 2010 (€ million) |
Sales revenue |
364.57 |
264.58 |
Net profit/loss |
+2.61 |
-8.22 |
According to the company's statement, Tubacex plans to invest €25 million in its steel pipe mills at Llodio and Amurrio in Spain. The goal of the investment plan is to enhance production of high-alloy stainless steel seamless pipes, which are widely used in the oil and gas sector.
Despite growing uncertainty about the global economy, Tubacex stated that increasing global demand for stainless steel seamless pipes and its trade alliance with global steel pipe producer Vallourec & Mannesmann creates a bright future for the company.