Tubacex surpasses €100 million in umbilical tubing orders in 2026, reinforcing its position in the subsea market

• The orders will be executed from Tubacex’s umbilical tubes competence centre, located in Ternitz, Lower Austria, and from the Group’s industrial capabilities in Spain, reinforcing its position in advanced material tubular solutions for critical offshore applications.
• This new order adds to those announced in February in this same business, bringing cumulative order intake in umbilical tubes to more than €100 million year to date in financial year 2026.

Tubacex announces the award of new orders worth more than €80 million in umbilical tubes for a global subsea technology provider. These new orders reinforce Tubacex’s position in one of the highest value-added niches in the subsea market, where reliability, traceability, industrial consistency and metallurgical expertise are determining factors. In February, the company had already announced another package of orders in this same business, bringing cumulative order intake in umbilical tubes to more than €100 million year to date in 2026.

Umbilical tubes are critical components in subsea systems. Integrated into the umbilical cables that connect surface facilities with subsea infrastructure, they enable the transport of hydraulic fluids, chemical products and control signals required for the operation of wells and equipment installed on the seabed. These applications require materials capable of withstanding greater depths, high pressures, fatigue, corrosion and extreme operating conditions over long service lives. The new order volume comes in a context of positive activity in key offshore regions such as the North Sea and the Gulf of Mexico, were

Energy security, strategic autonomy and the need to expand capacity are driving new investments. This is compounded by favorable dynamics in other relevant geographies, such as Brazil, where the development of offshore projects continues to sustain demand for high-specification subsea solutions.

In this environment, tieback projects are gaining relevance as a way to increase capacity and optimize existing infrastructure. These solutions make it possible to connect new wells or field extensions to facilities already in operation, replace ageing lines and expand capacity without the need to develop entirely new platforms, enabling more efficient execution from a technical, economic and operational standpoint.

“The evolution of order intake in umbilical tubes confirms the strength of our position in highly demanding subsea applications. These are projects in which material quality, industrial reliability and technical support for the customer are determining factors, which enables us to respond with guarantees to the demand for advanced tubular solutions for complex offshore environments,” said Josu Imaz, Chief Executive Officer of the company.

This leadership position in this business is further supported by Tubacex, being confirmed for another year as one of the Hidden Champions identified by Orkestra, the Basque Institute of Competitiveness. This condition recognizes companies that lead international market niches or highly specialized sectors, with a strong industrial, B2B, innovative and international component, while also being rooted in the territory.

The diversification of projects, the company’s specialisation in advanced materials and its focus on high value-added applications reinforce Tubacex’s prospects in this business for 2026 and for the coming years.

About Tubacex

Tubacex is a global front-runner in the design, manufacturing and installation of high-value-added industrial products and services for the energy and mobility sectors. The company specializes in advanced stainless steel, corrosion-resistant alloys (CRA) and precision machining services. Driven by innovation and operational excellence, Tubacex manages an integrated value chain that spans R&D through to delivery of the finished product. It operates production facilities and service centers in more than 30 countries. Tubacex’s commitment to sustainability is recognized by leading certification bodies, including SBTi validation of its science-based targets, an “A” score from the Carbon Disclosure Project, and compliance with S&P Global sustainability benchmarks.