VALLOUREC : VALLOUREC: Vallourec awarded several new tube orders for nuclear power plants in France and Asia

 VALLOUREC : VALLOUREC: Vallourec awarded several new tube orders for nuclear
                       power plants in France and Asia

                                Press Release

                                       

 Vallourec awarded several new tube orders for nuclear power plants in France
                                   and Asia

 

  These orders represent a year's workload for the Montbard plant (Burgundy,
                                   France)

                                       

Boulogne-Billancourt, January 25,  2013 - Vallourec,  world leader in  premium 
tubular  solutions,   announces  that   its  subsidiary   Valinox   Nucléaire, 
specializing in the production of tubes for nuclear power plants, was  awarded 
a number of significant orders at the end of 2012, amounting to over a  year's 
workload in  all for  its Montbard  plant in  the Burgundy  region of  France. 
Deliveries are scheduled from 2013 to 2015.

 

Renovation of French nuclear facilities

After two earlier  contracts signed  in February 2012,  Valinox Nucléaire  has 
been awarded  three  new contracts  for  the  production of  tubes  for  steam 
generators in  1,300MW reactors,  as part  of the  program to  renovate  EDF's 
nuclear facilities.

 

Contracts in Asia

Vallourec's subsidiary  has also  been awarded  three contracts  on the  Asian 
market, to supply tubes for two APR 1400 units in South Korea and one AP  1000 
unit in China.  

Nicolas de Coignac,  Managing Director  of Vallourec's  Power Business,  said: 
"With these  orders, Valinox  Nucléaire  confirms its  position as  the  world 
leader in steam generator tubes. The decision we made in 2011 to invest in our
Montbard plant, tripling its  capacity, clearly makes  sense. The orders  also 
signify worldwide recognition of the excellence found across the entire French
nuclear sector, united within the Burgundy Nuclear Partnership."

These contracts came just  as Valinox Nucléaire,  in December 2012,  delivered 
tubes for the 400^th  steam generator in its  history -  totaling 37,000km  of 
tubes supplied in nearly 40 years. 

Valinox Nucléaire today employs  500 people at Montbard  in Burgundy and  will 
complete the construction  of a plant  in the Guangdong  Province of China  in 
mid-2013.

World leader  in steam  generator  tubes designed  for nuclear  power  plants, 
Valinox Nucléaire  is  a wholly-owned  subsidiary  of Vallourec.  In  a  steam 
generator, 1mm-thick nickel-alloy tubes from Valinox Nucléaire enable  thermal 
exchange between the  pressurized water of  the primary loop  coming from  the 
reactor and the steam of the secondary loop feeding the turbine.

The Burgundy Nuclear Partnership (or PNB - Pôle Nucléaire Bourgogne) which  is 
a competitiveness cluster bringing  together some 160 companies,  laboratories 
and training organizations, was awarded an official label by the French  state 
in July 2005. The PNB  has been chaired by Vallourec  since it was founded  in 
2005.

 

ABOUT VALLOUREC

 

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

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). 

 

www.vallourec.com

 

 

FOR FURTHER INFORMATION, PLEASE CONTACT

 

Press relations

Caroline PHILIPS

Tel: +33 (0)1 41 03 77 50

E-mail: caroline.philips@vallourec.fr

 

Investor relations                       
Etienne BERTRAND
Tel: +33 (0)1 49 09 35 58
E-mail: etienne.bertrand@vallourec.fr

 

 

130125_PR Vallourec nuclear contrats_EN (PDF)

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