Tubacex appoints Ignacio Mataix as new chairman
Mataix succeeds outgoing chair Manuel Moreu and leverages decades of industrial leadership experience across aerospace, defense, and engineering sectors.
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Advanced materials and critical tubular solutions manufacturer
tubacex.comLast updated
In short: Tubacex appointed Ignacio Mataix as chairman and grew its nuclear business despite profit hits from Middle East geopolitical tensions.
Mataix succeeds outgoing chair Manuel Moreu and leverages decades of industrial leadership experience across aerospace, defense, and engineering sectors.
The company maintained double-digit EBITDA margin, improved activity in subsea, nuclear, aerospace and defence, and backlog reached €1.148 billion.
The large forged assembly from high-nickel alloy will be installed in a safety-critical area of the reactor cooling system at Darlington, Ontario.
The orders are for subsea projects in Angola, Guyana, and the North Sea to a leading operator.
Workers at Tubacex Taylor Accesorios de Artziniega (Álava) have called an indefinite strike starting this Wednesday, "in the absence of progress in negotiations...
It aims to raise its sales in this business to 250 million before 2030 and positions itself as a critical supplier for key manufacturers...
Despite geopolitical disruptions and reduced sales, Tubacex SA (STU:TCX) maintains a strong order book and liquidity position, showcasing its strategic resilience.
The drop in orders, tariffs and logistical disruptions in Abu Dhabi weigh on the company's accounts...
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