Tubacero mulls building port complex

By
Friday, July 1, 2005

Mexican steel tube maker Tubacero is considering plans to build its own shipping space at a port in Mexico to help exports, newspaper Milenio reported.

Domestically the company mainly produces tubing for Mexico's state oil company Pemex but exports gas tubing abroad, and its own port complex would facilitate the process, Tubacero president Jaime Woldenberg was quoted as saying.

The company declined to comment on the amount of money it would invest in a port complex, but Woldenberg confirmed the company is studying different ports in Mexico to see which would suit it best.

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Monterrey-based Tubacero manufactures seamed carbon steel tubes for the oil, gas, electric power, mining, construction and waterworks sectors.

Asked last year by BNamericas whether exports make up a large part of company sales, CEO León Gutiérrez said the company ships about 15% abroad. "Exports have been relatively low over the past two years," he said. "The US has imposed duties of 49.8% on Mexican steel tube imports, which I think is unfair considering our countries' free trade agreement."