This business - an innovative one for the Group - is permitted since it obtained French ministerial certification as a port rail operator (OFP) in late 2018. This is a first for a French industrial player, with the certification authorizing Vallourec to travel independently on the right bank sector of Rouen's port rail network.
For Vallourec's tube heat treatment facility at Déville-lès-Rouen, this means greater flexibility and responsiveness in conducting industrial operations, without the need for a rail company to operate between the plant and the Port of Rouen.
This new port rail operator agreement also puts Vallourec in a position to offer new transport alternatives to all companies with rail links in the Port of Rouen's industrial sector, as well as the rail equipment dismantling business which operates in one of the areas of the industrial site released by Vallourec.
Vallourec is a world leader in premium tubular solutions for the energy markets and for challenging industrial applications such as oil and gas wells in harsh environments, new generation power plants, daring architectural projects, and high-performance mechanical equipment. Vallourec's pioneering spirit and cutting-edge R&D continually open new technological frontiers. Operating in more than 20 countries, its nearly 19,500 dedicated and passionate employees work hand-in-hand with their customers to offer much more than just tubes: they deliver innovative, reliable, competitive solutions to make every project possible.
Listed on the Euronext in Paris (ISIN code: FR0000120354, ticker VK) and eligible for the Deferred Settlement Service (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). The parity between the ADR and an ordinary Vallourec share is 5 for 1.
For further information, please contact:
+33 (0)1 41 03 78 71 / +33 (0)6 89 95 53 30