Fine Tubes' latest financial results reflect strategy for planned growth in aerospace and energy markets
10 July 2014
Fine Tubes, a world-leading manufacturer and distributor of precision tubes for critical applications, is delighted to announce an increase in turnover of 5.5% in its 2013 results. In line with the company’s strategy for continued sales growth in all its key markets – Aerospace, Nuclear, Power Generation and Oil & Gas – the results reflect the company’s success in reducing the risk of dependency on any one particular industry sector or geographical area.
During 2013, Fine Tubes also introduced a number of operational initiatives aimed at increasing its gross margin, including an optimisation of its plant and equipment utilisation, increased labour productivity and an overall review of its manufacturing processes. In addition, the company initiated several projects designed to improve its working capital management. A renewed focus on the forecasting of inventory requirements and individual product lines held in stock enabled Fine Tubes to reduce its Inventory over the year.Ronen Day, Managing Director of Fine Tubes, commented: “Our latest financial results are clearly in line with our strategic focus on sustained growth in our key markets across the world. Together with a strong order book and plans to invest in new plant and machinery to better support our key customers, the outlook is a highly positive one.”
Other Press Releases By This Company
- 20/12/2018 - Fine Tubes celebrates 75 remarkable years of precision tube manufacture
- 09/10/2018 - High-Quality Master Alloys, Powder and Tube Presented at TITANIUM USA 2018
- 20/09/2018 - A future of opportunities for specialised metals in the aerospace industry
- 06/08/2018 - Farnborough International Airshow exceeds expectations for AMETEK Specialty Metal Products
- 09/07/2018 - High performance tube, strip and powder products for critical aerospace applications at Farnborough Air Show
- 05/07/2018 - Fine Tubes marks International Women in Engineering Day
- 18/06/2018 - Industrial Applications for Titanium Tubing
- 24/04/2018 - Under pressure? 60,000psi high performance tubes at the Offshore Technology Conference
- 04/12/2017 - Fine Tubes gears up for the recovery of the oil and gas industry
- 03/11/2017 - New Nadcap accreditation for Fluid Distribution Systems is the fifth for Fine Tubes
- 08/09/2017 - AMETEK Specialty Metal Products to showcase Tube, Strip and Powder at Aviation Expo China
- 08/09/2017 - Securing a Fourth Nadcap Accreditation Confirms Fine Tubes Aerospace Manufacturing Excellence
- 08/09/2017 - AMETEK Specialty Metal Products Looks To Further Grow Its Business with Airbus
- 08/09/2017 - AMETEK Specialty Metal Products to present tube, strip and powder highlights at OTC in Houston
- 08/09/2017 - Fine Tubes targets two-year audit cycle for Nadcap heat treating processes
- 07/09/2017 - Growing demand for seamless for Fine Tubes and Superior Tube
- 30/11/2016 - Fine Tubes and Superior Tube target Indian oil and gas market with presence at Petrotech
- 11/11/2016 - Titanium tubing experts showcase latest light weight products at Aeromart
- 21/10/2016 - Superior Tube and Fine Tubes make three key sales management appointments
- 26/09/2016 - Aerospace tubing manufacturers exhibit latest alloys at AIRTEC
- 23/08/2016 - Fine Tubes and Superior Tube see growing demand from the global nuclear industry
- 04/07/2016 - American embassy visits Superior Tube and Fine Tubes on their stand at ILA Berlin
- 29/06/2016 - Fine Tubes and Superior Tube continue to extend their industry-leading nuclear capabilities
- 22/06/2016 - NORSOK-approved tubing for oil and gas applications at ONS 2016
- 03/06/2016 - Fine Tubes granted F4N status by Nuclear AMRC
- 01/06/2016 - Fine Tubes and Superior Tube showcase Nuclear tubing capabilities at the World Nuclear Exhibition
- 16/05/2016 - Fine Tubes awarded 'approved manufacturer' status by Kuwait Oil Company
- 12/05/2016 - Fine Tubes secures ONGC approval for instrumentation tubing
- 10/03/2016 - Fine Tubes and Superior Tube appoint new National Sales Manager, India
- 07/03/2016 - Fine Tubes in the United Kingdom and Superior Tube in the United States are awarded contracts by Airbus
- 05/01/2016 - Superior Tube and Fine Tubes promote their offshore capabilities at OTC Brasil
- 17/12/2015 - Leading aerospace tubing experts exhibit at AIRTEC 2015
- 10/12/2015 - Precision tube and strip experts exhibit at MD&M Minneapolis
- 28/10/2015 - Fine Tubes and Superior Tube to co-exhibit with Hamilton Precision Metals at MD&M Minneapolis
- 23/12/2014 - Superior Tube and Fine Tubes appoint new Global Director
- 27/11/2014 - Fine Tubes – suppliers of ‘fit and forget’ tubing for the offshore industry
- 20/11/2014 - Growing Demand for our High Pressure Tubing
- 12/11/2014 - Fine Tubes appoints new HR Business Partner
- 31/10/2014 - Fine Tubes to exhibit its industry-leading aerospace products at AIRTEC 2014
- 14/10/2014 - Fine Tubes demonstrates its industry-leading capabilities at World Nuclear Exhibition
- 03/10/2014 - Fine Tubes partners with City College Plymouth to provide Moving and Handling Training
- 15/09/2014 - Fine Tubes appoints new Procurement Specialist
- 12/06/2014 - Fine Tubes chosen by FMC Technologies to supply advanced tubing for Total's Egina Project
- 16/05/2014 - Fine Tubes to supply Precision Tubing for Solar Orbiter
- 15/05/2014 - Fine Tubes appoints new agent in Kuwait as part of Middle East Strategic Plan
- 11/04/2014 - Fine Tubes Appoints Phil Adderley as Technical and Quality Director
- 03/04/2014 - Fine Tubes develops seamless titanium tubing for Airbus and Liebherr
- 06/03/2014 - Fine Tubes relocates It's Indian Office to accommodate growing customer base.
- 21/01/2014 - Fine Tubes turns to City College Plymouth to develop Management Training programme
- 16/01/2014 - Fine Tubes Develops Seamless Titanium Tubing for Airbuss and Leibherr
- 10/12/2013 - Fine Tubes appoints Adrian Salle to New Sales Manager Role
- 21/11/2013 - Fine Tubes lands in Frankfurt to showcase Aerospace Products at Airtec
- 11/11/2013 - Fine Tubes to Showcase titanium Tubing Innovations at Airtec in Germany
- 11/11/2013 - Tubing for new generation of Snecma Engines
- 05/11/2013 - Fine Tubes Welcomes Graham Maxa as new Finance Director
- 15/10/2013 - From Aero to Space - Adapting Aerospace Technology to Meet Outer Space Demands
- 23/09/2013 - Fine Tubes Showcase High Precision Power Tubes in France
- 03/09/2013 - Fine Tubes appoints Director of Engineering and Technology
- 19/08/2013 - Fine Tubes Helps North Sea Oil Platforms Meet demanding Standards with Super-resistant Alloys
- 19/08/2013 - New Facility for Fine Tubes
- 16/08/2013 - Fine Tubes Helps SENER Achieve Results in Solar Power with the Gemasolar Power Plant
- 30/07/2013 - High demand for Fine Tubes short lead times for seamless titanium tubing at 50th Paris Air Show
- 19/07/2013 - Saudi Aramco approval for Fine Tubes
- 02/07/2013 - As Fine Tubes Approaches its 70th Anniversary Demand Continues to Rise for Their Products and Services
- 01/07/2013 - New Product Development Keeps Fine Tubes at the Forefront of Metals Innovation
- 07/02/2013 - High Performance Tubing Helps Solar Plant Generate Energy in the Dark
- 22/01/2013 - Specialist alloy tubing tackle corrosion in topside and subsea applications
- 10/12/2012 - Oil & Gas industry wants ‘fit and forget’ tube systems
- 04/12/2012 - Middle East shows increasing demand in exotic alloy tubing
- 11/10/2012 - Fine Tubes showcase oil and gas tubing in Abu Dhabi
- 09/10/2012 - New guide features Fine Tubes' cutting-edge products
- 08/10/2012 - Power Energies sparks quality enquiries for Fine Tubes
- 05/10/2012 - Heat exchanger tubes from Fine Tubes play vital part in successful pre-cooler tests for space plane Skylon
- 05/10/2012 - Fine Tubes’ cool support for Large Hadron Collider
