For nearly 130 years, innovation has been a pillar of Vallourec's success. It is rooted in our DNA, and integral to the Group's strategy.
Innovation, as we conceive of it, is a key factor in improving the service we give our customers, anticipating their needs by developing an ever closer relationship with them, better understanding their current and future concerns, and enabling them to set themselves apart.
Thanks to our agile approach to innovation, we can meet our customers' new needs more quickly. And these needs change rapidly, expanding the range of innovation opportunities. Our customers now ask us for more than tubes and connexions that can withstand complex environments. They also and above all want integrated solutions that make it easier to use Vallourec products, limit environmental impacts, and enable them to cut their operating costs.
We rise to this challenge every day, thanks to our open ecosystem. Open to new technologies and partnerships with start-ups, manufacturers, laboratories and universities, via our open innovation challenges (link to open innovation platform), open to employees' suggestions thanks to our in-house innovation platform and, of course, keen to hear our customers express their specific needs in our "Front End Innovation" workshops. We also meet this challenge with our innovation boosters, which allow us to develop the best solutions fast, in agile mode, with measurable results.
At Vallourec we want to enrich our range of innovative – and in many cases digital – solutions to complement our tubular solutions. For example, Vallourec.smart offers distinctive solutions that combine products and services, optimize and protect our customers' facilities, simplify the traceability of products and their journeys, and thereby cut operating costs.
To continue to enhance customer satisfaction, Vallourec harnesses all the power of digital technology, and favors a collaborative approach.
An essential component of the Group's transformation, innovation helps to enhance our leadership and keep it strong.
We also see innovation as a powerful source of competitive edge, enabling us to stand out against our rivals and counter new entrants. Enriching tubular solutions by harnessing the potential of new technologies enables us to consolidate our medium-term growth in our traditional sectors, and to expand our offering to include new markets and business models.
Solutions for solar power, bespoke and on-demand 3D printed parts, and very low carbon footprint products are just a few examples of offerings that demonstrate Vallourec's expansion into new markets.
The aim is to anticipate and take advantage of the changes in the sector in order to offer our customers unique solutions and consolidate Vallourec's leadership position over the long term."Sylvie Dubois Decool Innovation Director