Tubi Limited
2BE.AX
Australian Securities Exchange0.05
AUD
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Tubi Limited
2BE.AX
(Australian Securities Exchange)
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0.05
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div
yld
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ROIC.AI
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- Tubi Limited (ASX: 2BE) is an Australian-based company specializing in the development, operation, leasing, and sale of mobile manufacturing plants for producing high-density polyethylene (HDPE) pipes. These pipes serve diverse sectors including oil and gas, irrigation, mining, water infrastructure, and industrial applications. The company offers modular, patented mobile manufacturing technology designed to produce HDPE pipes on-site, enhancing flexibility and efficiency in pipeline projects. Its core products include HDPE pipes and associated fittings for fluid distribution systems, including water, gas, irrigation, drainage, firefighting, and sewerage applications. Tubi operates primarily in Australia, New Zealand, and the United States, providing its services and products across these key geographic markets. Founded in 2009, the company is headquartered in Australia. Recent major developments include Tubi's strategic sale of assets related to its mobile plants to Mosaic and Pipeline, finalized through shareholder approval in late 2022, with ongoing operations managing remaining assets in North America. The company has also entered into key agreements, including a deed of license granting royalty-free intellectual property rights to Mosaic, enabling it to be a primary supplier of HDPE and MDPE pipes under a multi-year framework, and a facility agreement for working capital purposes. These moves reflect a strategic recalibration to focus on partnerships and operational efficiency while retaining a core asset base in mobile plant manufacturing. Tubi's industry presence spans multiple business segments including pipeline infrastructure for oil and gas, mining, irrigation, and water sectors. It targets industrial clients requiring high-specification polyethylene piping solutions delivered with an innovative mobile manufacturing approach. The company also supports its customers with pre- and post-sale services such as equipment rental, welding machines, and on-site technical assistance, emphasizing customization and customer satisfaction. In summary, Tubi Limited combines advanced mobile manufacturing technology of HDPE pipes with strategic partnerships and asset restructuring to maintain competitive operations across Australia, New Zealand, and the U.S. Established in 2009 and headquartered in Australia, the company remains a focused supplier to critical infrastructure sectors while optimizing its asset portfolio and market positioning in recent years.