Vallourec completes the extension of its plant in Changzhou, China

13/09/2012 - Activity and markets, China, Power generation
Proprietary technology enables local production of premium pipes for the power generation business.

Changzhou, 13 September 2012 - Vallourec, world leader in premium tubular solutions, is hosting today the inauguration ceremony for the extension of its pipe plant in Changzhou, China (Jiangsu province). Commissioned in 2006, V & M Changzhou was until now exclusively dedicated to the finishing of seamless pipes for power plants. The extension will enlarge the offer of the plant, enabling local production and finishing of premium seamless pipes for power generation and other industrial applications.

In the presence of Ms. Sylvie Bermann, French Ambassador to China, Mr. Zhang Weiguo, Vice Governor of Jiangsu Province, and Mr. Dai Yuan, Vice Party Secretary of Changzhou City, Philippe Crouzet, Chairman of Vallourec's Management Board, stated: "This project marks a new step in Vallourec's industrial presence in China. We are positioning ourselves to be able to accompany our Chinese customers over the long-term in the development of the country's power generation capacities. Our plant will benefit from the quality of our local partnerships, established through our presence in China of more than 100 years."

China should represent around 50% of the new global coal-fired power generation capacity to be built by 20201. The development of more efficient, supercritical and ultra-supercritical coal-fired power plants is a priority for China which in its 12th Five-Year Plan for 2011-2015 has fixed ambitious targets to reduce its energy and carbon intensity.

With the extension, which has already generated more than 200 jobs, V & M Changzhou will be dedicated to the production of large diameter, premium seamless pipes, specifically designed to meet the needs of the new generation of supercritical and ultra-supercritical power plants2, as well as other industrial applications. The technology used is proprietary to Vallourec.

 

1 World Energy Outlook 2011, IEA (International Energy Agency)

2 Enhanced-performance thermal power plants that operate at high temperature and high pressure. To achieve such performances, these plants require stainless steel tubes that are able to withstand corrosion as well as very high temperature (up to 700°C) and pressure (350 bar) levels.

 


About Vallourec

Vallourec is a world leader in premium tubular solutions primarily serving the energy markets, as well as other industrial applications. In 2011, Vallourec sales amounted to €5.3 billion.

With over 22,000 employees, integrated manufacturing facilities, advanced R&D, and presence in more than 20 countries, Vallourec offers its customers innovative global solutions to meet the growing energy challenges of the 21st century.

Listed on NYSE Euronext in Paris (ISIN code: FR0000120354, Ticker VK) and eligible for the Deferred Settlement System, Vallourec is included in the following indices: MSCI World Index, Euronext 100 and CAC 40.

In the United States, Vallourec has a sponsored Level 1 American Depository Receipt (ADR) program (ISIN code: US92023R2094, Ticker: VLOWY). The ratio of Vallourec ADR to ordinary shares is 5:1).

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