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28 Jul
00:35

Tubacex sees tough first half but remains positive

Spanish stainless steel and high alloy tubemaker Tubacex saw a tough first half year of 2016 due to the depressed global oil and gas market. An improved set of results in the second quarter however has given the company some relief, as has the award of a multi-million contract for offshore umbilical tubing, Tubacex tells Kallanish. The company gives no indication as to when it expects to see an upturn in the oil and gas markets in general. It has however landed …
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