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TUBACEX, the leading manufacturer of seamless stainless steel tubes worldwide, obtained a profit before tax of 32.6 million Euros in 2014, which implies nearly doubling the figures of 2013 (+96.6%), according to the information sent by the company to the Spanish Securities Exchange Commission (CNMV). The development of operational excellence programs and the increased sale

Acerinox ends 2014 with profits of 136.3 million euros (6.2 times the amount the previous year), after tax, minority interests and the fiscal reform impairment (which does not involve a cash outflow). Without these deductions, the net result would have been 159 million euros. These are the best results the company has had in the last seven years.