Marubeni-Itochu Tubulars Europe

Activity by year

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Acquisition

Nov 27, 2014ACQUISITIONÁlava, Spain, Spain$37.5M80 jobs
Tubos Reunidos and Marubeni-Itochu form joint venture for OCTG premium products
Tubos Reunidos and Marubeni-Itochu Tubulars Europe Plc (MITE) signed an agreement to establish a joint venture in Álava, Spain, to manufacture and supply OCTG premium products for oil and gas drilling. Total investment is around €30 million, with 80 jobs initially. The joint venture is 51% owned by Tubos Reunidos and 49% by MITE, and will start production in Q1 2016.
Tubos Reunidos Marubeni-Itochu Tubulars Europe partner Marubeni-Itochu Steel investor JFE Steel Corporation partner #Steel and Metal Products studylib.es

Partners

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