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News illustration depicting Tubos Reunidos' creditors' arrangement filing amid Amurrio plant strike and share trading suspension.
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Tubos Reunidos files for creditors' arrangement due to imminent insolvency

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Tubos Reunidos filed for voluntary creditors' arrangement on Monday before an Álava court due to cash tensions worsened by the indefinite strike at its Amurrio plant. The CNMV immediately suspended trading of its shares. The company aims to protect the interests of creditors, workers, suppliers, and shareholders.

Egyptian company CAPTEX is expanding its production of sports equipment and supplies. Government ministers visited its facilities to review progress and plans. The move supports efforts to boost local manufacturing and cut reliance on imports.

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The Industrial Development Authority and the Federation of Egyptian Industries held a meeting on May 9 to review the progress of several state-backed financing programs for the industrial sector.

Walid Gamal El-Din, chairperson of the Suez Canal Economic Zone (SCZONE), witnessed the signing of a landmark agreement with Alpha Smart to establish a fully integrated complex of ready-made factories in the Sokhna Industrial Zone. The project covers 500,000 square meters with $100 million in direct investments and is expected to create 5,000 direct jobs.

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Egypt’s Minister of Industry Khaled Hashem met with Japan’s Ambassador to Egypt Iwai Fumio to review current Japanese investments and explore expansion opportunities. The meeting, attended by Assistant Minister for International Cooperation Ahmed Maghawry, underscored bilateral ties elevated to a strategic partnership in 2023. Discussions emphasized cooperation in industry, technology, and sustainable development.

Argentina's monthly economic activity estimator (EMAE) recorded a 2.1% year-over-year drop and a 2.6% seasonally adjusted decline in February 2026, INDEC reported. Manufacturing industry contracted 8.7% and commerce 7.0% year-over-year.

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Producenten af pansrede køretøjer, KNDS, har præsenteret udvidelsen af produktionen af Boxer-hjulbårne kampvogne på hovedfabrikken i München-Allach. Det markerer den første serieproduktion siden Den Kolde Krigs afslutning. Administrerende direktør Florian Hohenwarter planlægger yderligere kapacitetsudvidelser med henblik på potentielle store ordrer fra Bundeswehr.

 

 

 

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