Tubacex, S.A. (TUB)

Profile

https://www.tubacex.com

Tubacex, S.A. is a leading Spanish manufacturer specializing in the production, distribution, and sale of seamless stainless steel tubes and pipes, along with corrosion-resistant alloys and precision machining services. The company operates a fully vertically integrated value chain, from metallurgy research and development through steelmaking, engineering, and installation of high-value-added industrial solutions tailored for the energy and mobility sectors. It excels in demanding applications for oil & gas, energy generation, low-carbon technologies like hydrogen and carbon capture, aerospace, and precision tubing, ensuring performance under extreme temperatures, pressures, and corrosive conditions. With production facilities in 13 countries across four continents—including Spain, the United States, Italy, India, and Norway—and service centers in over 30 nations, Tubacex, S.A. maintains a global footprint close to key markets. Renowned for its sustainability efforts, it holds top ratings such as an 'A-' from the Carbon Disclosure Project for climate leadership and Science Based Targets validation, committing to 60% greenhouse gas reductions by 2030 and net zero by 2050. Employing around 2,769 people and listed since 1970, the firm upholds exemplary corporate governance, positioning it as a resilient player in the iron and steel industry.