Salem Tube is the leading subsidiary of Tubacex Group in Pennsylvania
This article was written for Invertia on October 30, 2015 and can be found on their website.
Tubacex is a company of Basque origin specializing in the manufacture of seamless tubes in stainless steel. It is the world’s leading manufacturer of this product.
Tubacex is an industrial group founded in 1963 in Llodio (Alava) in special tubes’ Olarra name. In 1965 the business started with the manufacturing of the first tube by extrusion technology. Two years later, it changed its name to Spanish Company Pipe Extrusion SA -Tubacex. In the early 70’s it made the leap and started trading on the Spanish stock exchange.
In the 90s, the poor performance of its traditional business led to the biggest crisis in its history. Specifically in 1992 they filed bankruptcy and faced the risk of closure. Soon it held a total restructuring of the company with a new organization: specialization in stainless steel tubes; industrial reorganization and staff; creation of industrial subsidiaries and financial restructuring.
Located in Greenville, PA, Salem Tube is a wholly owned subsidiary of Tubacex Group, one of the leading producers of seamless stainless steel tubing products in the world. For more information on Salem Tube, including service areas and products, visit their website.