Mubadala Marks Two Years of TBX Nexxia Manufacturing in Abu Dhabi
Mubadala has marked two years of operations at TBX Nexxia’s Abu Dhabi manufacturing facility, which produces corrosion-resistant alloy tubular products for complex energy infrastructure.
The facility has annual capacity of 20,000 tonnes, employs 150 people directly in the UAE and has contributed an estimated $1.2 billion to national GDP, according to the announcement. More than 820,000 feet of its tubular products have been deployed in wells.
TBX Nexxia supplies ADNOC under a long-term arrangement and combines local finishing and threading with a wider industrial footprint spanning the UAE, Spain and Brazil. The milestone reflects operating output already achieved rather than a new employment commitment. Source: Emirates News Agency.