IS IN CONTACT PRODUCTS HOW DO WE DO IT QUALITY AND ENVIRONMENT HR NEWS You are in: Home Developed news News RETURN 08/29/2016 TUBOS REUNIDOS ACQUIRES THE NORTH AMERICAN COMPANY ROTARY DRILLING TOOLS Tubos Reunidos has reached a binding agreement to acquire the company Rotary Drilling Tools, Inc. (“RDT”), for 19.6 MEUR. RDT, located in Houston, is one of the reference manufacturers in the sector, has production facilities specialized in high added value and with innovative designs of tubular products developed to differentially contribute to the requirements of the most advanced and competitive drilling technologies. and oil and gas production. For Pedro Abasolo, Chairman of the Group, this operation represents "A strategic milestone in the history of Tubos Reunidos". The purchase of RDT is a decisive step in achieving the objectives of the Strategic Plan announced by the president at his last General Shareholders' Meeting: “With the acquisition of RDT, and together with the completion of our investment plan that began in 2012 and the strategic agreement with Marubeni Itochu Tubulars Inc., we completed the execution of our transformation strategy, in one of our main businesses, to consolidate ourselves as a provider of Premium tubular solutions ”. The General Director of the Group, Enrique Arriola, stated that “After years of analyzing opportunities in the American market, we have acquired RDT to strengthen our commercial position, offer more competitive solutions and expand the added value of our proposals to customers, with a greater range of products with high added value, service and quality " Through RDT, Tubos Reunidos obtains its own comprehensive capabilities for the processing and finishing, in Houston, USA, of its OCTG pipe manufactured in Spain at the Amurrio plant. With the acquisition, the Group obtains logistical, cost and flexibility advantages. In addition to reinforcing the competitive position of Tubos Reunidos in the North American oil and gas market, which presents high growth opportunities; Through RDT, the Group acquires the bases for its growth in the Latin American market of high interest for the future of Tubos Reunidos. MORE NEWS ROOM OF PRESS 08/29/2016 TUBOS REUNIDOS ACQUIRES THE NORTH AMERICAN COMPANY ROTARY DRILLING TOOLS The Group is consolidated as a provider of Premium service solutions in the OCTG segment, in line with the objectives of its strategic plan. Geographically diversifies its productive implementation, obtaining local capacities in the USA, close to the end user. RDT, a benchmark for quality and innovation, is the largest independent oil and gas pipeline processing company in the USA. Read more 07/29/2016 RESULTS FOR THE FIRST HALF 2016 Tubos Reunidos changes the trend of its results, reducing its losses in the second quarter. The sale of the automotive business ends and earns 15.9 million euros. Read more 06/29/2016 GENERAL MEETING OF SHAREHOLDERS OF TUBOS REUNIDOS FOR THE 2015 YEAR El Presidente anuncia la elaboración de un nuevo Plan Estratégico 2017-2020. En paralelo, se está aplicando un Plan Extraordinario de Eficiencia para afrontar mejor la crisis. Avanza en su transformación a un nuevo modelo industrial, corporativo y comercial, orientado a ofrecer Soluciones Tubulares Premium de una forma más competitiva y global. La actividad de Tubos Reunidos se está desarrollando en el marco de la peor crisis del sector del petróleo en los últimos 40 años. La Compañía no ha dejado de realizar su Plan de Inversiones y cuenta con el portafolio de productos Premium objetivo. En Mayo de 2016 se ha iniciado la producción en su nueva planta conjunta con Marubeni Itochu diversificando y abriendo nuevos productos y mercados geográficos. Tubos Reunidos ha culminado su concentración en el negocio de tubos sin soldadura con la desinversión en el grupo de automoción. Como resultado de las medidas internas implementadas la Compañía espera alcanzar una mejora de sus resultados en el segundo semestre. Read more MORE NEWS FOLLOW US ON LOCATION Carretera Galindo a Ugarte, s / n 48510 Valle de Trápaga Vizcaya (Spain) Locate on map comercial.tubos@productostubulares.com Tel: (+34) 94 495 50 11 Fax: (+34) 94 472 84 18 CONTACT / COMMERCIAL CONSULTATION *All fields are required * I accept the Privacy Policy SEND © Productos Tubulares, SAU 2013. All rights reserved. PRIVACY POLICY | LEGAL NOTICE | WEB MAP