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Tubacex ( (ES:TUB) ) has shared an announcement.
Tubacex has signed a significant agreement with the Abu Dhabi National Oil Company (ADNOC) to license its Sentinel® Prime technology for non-corrosion-resistant carbon steel OCTG applications, valued at 50 million dollars over five years. This deal enhances Tubacex’s position as a key technology provider in the Middle East, allowing it to diversify its market presence while maintaining its focus on high-performance solutions, and reaffirms its technological leadership in the global market.
More about Tubacex
Tubacex is a global leader in advanced industrial solutions, specializing in the energy and mobility sectors. The company focuses on providing high-performance products, including premium connection technologies for the oil and gas industry, and maintains a strong market presence with a strategic emphasis on high-performance CRA solutions.
YTD Price Performance: 18.69%
Average Trading Volume: 4,167
Technical Sentiment Consensus Rating: Sell
Current Market Cap: €456M
Find detailed analytics on TUB stock on TipRanks’ Stock Analysis page.
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