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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.
Liliana Aufiero, 81, is leaving the executive presidency of Lupo. Carlos Alberto Mazzeu takes over the role starting June 1.
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Prime Minister Mostafa Madbouly toured several industrial facilities in 6th of October City and El Sadat City, reaffirming Egypt’s push to strengthen local manufacturing and attract global investment.
Prime Minister Abiy Ahmed (Dr.) inaugurated the fourth Ethiopia Tamar expo today. He stated Ethiopia achieved $10 billion in export revenue for the first time in history this year. Industry Minister Melaku Alebel said the manufacturing sector is the center of national sovereignty.
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Building on recent Industrial Licensing Committee discussions, Egypt’s Industrial Development Authority (IDA) has introduced streamlined regulations allowing manufacturers to change or add industrial activities within approved zones, aiming to reduce administrative burdens and speed up licensing. The framework covers key sectors including engineering, food industries, leather, textiles, and chemicals.
Ethiopia has saved billions of dollars through its homegrown economic policy in the manufacturing sector. In just the past nine months, domestic production substituted imports worth 4.85 billion dollars, while exports reached 433 million dollars. Data from the Ministry of Industry confirms these gains.
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After a 2.6% drop in economic activity in February, according to INDEC, private consultancies estimate a March recovery driven by agriculture. Equilibra forecasts a 1.5% year-on-year rise and 1% monthly desesasonalized. The first quarter would end with 0.4% growth versus 2025.
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