Vallourec reports Q3 2010 results

Vallourec reports Q3 2010 results
Continued sequential growth during the third quarter
Sales: +6%
Oil & Gas sales: +15%
EBITDA: 21,1% of sales
Vallourec benifited from the strong growth in activity in the USA driven by unconventional shale drilling.
In China, the strategic investments announced by the Group will allow Vallourec to accompany over the long-term, the Chinese energy market growth and secure its leadership position.