Jan. 15th 2014 – Vallourec announces the
inauguration of its new premium finishing plant for oil & gas tubes (OCTG )
in Saudi Arabia: Vallourec Saudi Arabia. Located in Dammam, this unit is
dedicated to the heat treatment and threading for the full range of VAM® premium
connections, with an annual capacity of 100,000 tons. Resulting from the
acquisition in 2011 of Saudi Seamless Pipes Factory Company Limited, the
finishing plant includes heat treatment and finishing lines, which were upgraded
by Vallourec and completed by an additional premium threading line and a
coupling shop. Total investment amounted to approximately $200m.
this first premium finishing plant in the Middle East, Vallourec is reinforcing
its presence in the region where numerous oil and gas projects require high
added-value tubular solutions. Vallourec Saudi Arabia will mainly supply Saudi
Aramco, the Kingdom's national oil company, along with other regional operators.
The unit is fully qualified to carry out all operations required in the
production of VAM® premium connections using hollows provided by Vallourec's
pipe mills, including VSB in Brazil.
The plant is expected
to generate around 200 jobs, bringing the total number of employees working
there from 100 in 2011 to 300 by the end of 2014. Today it employs 235 people,
of which 25% are Saudi nationals.
More information: Press release