Large order for a supercritical power plant in Saudi Arabia

20/03/2014 - Saudi Arabia, Power generation
Vallourec wins large order for a supercritical power plant in Saudi Arabia

20 March 2014 - Vallourec has been selected to supply 10,000 tons of tubes for the construction of the Shuqaiq Steam Power Plant in Saudi Arabia. Deliveries are scheduled for the first second and third quarter of 2014. Vallourec's products will be used in the boilers of the oil-fired steam power plant which will be built in Shuqaiq, approximately 580 km to the south of Jeddah on the Red Sea coast.

The 2 640 MW plant is intended for the desalination of sea water and will be completed by 2017. The facility has adopted the supercritical pressure power plant technology which uses very high steam pressures to generate electricity, resulting in lower fuel consumption and less pollution in comparison to other technologies.

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​About Valloure​​​c

Vallourec is a world leader in premium tubular solutions primarily serving the energy markets, as well as other industrial applications.​​

With over 23,000 employees, integrated manufacturing facilities, advanced R&D and a presence in more than 20 countries, Vallourec offers its customers innovative global solutions to meet the energy challenges of the 21st century.

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

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 Vallour​​​​ec ordinary share has been set at 5:1.

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