According to Tubacex, the second largest stainless seamless tubes manufacturer in the world, it has aimed to produce high-value added products for international petroleum and energy market during 2013 through 2018.

The company is planning to put more focus on the emerging countries which has better economic development in mid and long term and might contribute 66% to global economy growth in 2020.

Álvaro Videgain, president of Tubacex, said the company could go to both Brasil and India.

It’s known that Tubacex invested € 132.7 million to expand its production capacity for value added tubes in the period from 2007 through 2011.

In the first quarter of this year, the firm’s orders grew by 16% and it

Videgain said the positive development this year should come from the demand for high value added tubes, raised prices, good business prospects in Brazil and its strategic alliance with Vallourec & Mannesmann started from 2009.