Boulogne-Billancourt, 18 April 2018 – Vallourec, world leader in premium tubular solutions, and Interpipe, Ukrainian manufacturer of steel seamless tubes, announce their intention to start a partnership to produce in cooperation non-OCTG carbon seamless tubes for the European market.
These products, mostly for mechanical, line pipe and process applications , will be produced by Interpipe before being conditioned and controlled in a finishing line to be implemented in one of Interpipe’s mills located in Nikopol city in Ukraine and managed by Vallourec. The start of production is planned for autumn 2018. These tubes will be commercialized by Vallourec in Europe.
With this partnership, Vallourec will be able to complement its offer with highly competitive entry-level pipes and therefore propose a global portfolio of solutions to reinforce its market position in Europe, the Group’s historic base currently positioned on products with higher added value.
Vallourec is a world leader in premium tubular solutions for the energy markets and for demanding industrial applications such as oil & gas wells in harsh environments, new generation power plants, challenging architectural projects, and high-performance mechanical equipment. Vallourec's pioneering spirit and cutting edge R&D open new technological frontiers. With close to 19,500 dedicated and passionate employees in more than 20 countries, Vallourec works hand-in-hand with its customers to offer more than just tubes: Vallourec delivers innovative, safe, competitive and smart tubular solutions, to make every project possible.
Listed on Euronext in Paris (ISIN code: FR0000120354, Ticker VK) and eligible for the Deferred Settlement System (SRD), Vallourec is included in the following indices: SBF 120 and Next 150.
In the United States, Vallourec has established a sponsored Level 1 American Depositary Receipt (ADR) program (ISIN code: US92023R2094, Ticker: VLOWY). Parity between ADR and a Vallourec ordinary share has been set at 5:1.
For further information, please contact:
+33 (0)1 49 09 39 76
+33 (0)1 41 03 77 50 / +33 (0)6 45 45 19 67
Toll Free Number (from France)
0 800 505 110