18
Dec
14:52
Tubacex signs financing for US new plant
Spanish stainless seamless tubemaker Tubacex has secured a €30 million ($34.1m) loan for a further expansion of its operations in the US, Kallanish learns from the company. The building of the new plant, located in Durant, Oklahoma, is set to start during 2019.
The funding is set to be provided by Spain`s development financing corporation (COFIDES). The state-owned company provides medium and long-term financing to viable private investm…
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