VALLOUREC : VALLOUREC : Qualification of Vallourec's new finishing plant in Saudi Arabia

 VALLOUREC : VALLOUREC : Qualification of Vallourec's new finishing plant in
                                 Saudi Arabia

                                Press Release



       Qualification of Vallourec's new finishing plant in Saudi Arabia

                                      

Boulogne-Billancourt, February 21, 2013 -  Vallourec, world leader in  premium 
tubular solutions, announces the full qualification of its new finishing plant
in Saudi  Arabia.  Located in  Dammam,  this unit  is  dedicated to  the  heat 
treatment and threading for the full range of VAM^® premium connections,  with 
an annual capacity of  100,000 tons. It will  mainly supply Saudi Aramco,  the 
Kingdom's national oil company, along with other regional operators. With  the 
qualification of  this plant,  Vallourec is  reinforcing its  presence in  the 
Middle East  where numerous  oil  and gas  projects require  high  added-value 
tubular solutions.

Resulting from the acquisition in 2011 of Saudi Seamless Pipes Factory Company
Limited - "Zamil Pipes", the finishing plant comprises a heat treatment  unit, 
a new threading unit and coupling shop (the last 2 built by Vallourec). It  is 
now qualified  to carry  out  all operations  required  in the  production  of 
premium connections using hollows provided by Vallourec's pipe mills.

The new plant  is expected  to generate around  100 jobs,  bringing the  total 
number of employees working there by the end of 2013 to 200.

Didier  Hornet,  Managing  Director  of  Vallourec's  Oil  &  Gas  Activities, 
said:"The qualification of our  new upgraded finishing  plant by Saudi  Aramco 
gives Vallourec a  clear competitive  edge in the  Kingdom and  in the  Middle 
East, where the demand for local  content is increasing. This investment  will 
enable us to support local customers  with the most advanced premium  products 
for their growing gas projects, and  with increased services thanks to  higher 
flexibility and shorter delivery times."

The new  finishing plant  has already  received an  order for  20,000 tons  of 
premium connections.



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 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

VAM^® is a registered trademark belonging to the Vallourec group.



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

130221_PR Vallourec Saudia Arabia qualification (pdf)

------------------------------------------------------------------------------

This announcement is distributed by Thomson Reuters on behalf of Thomson
Reuters clients.

The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and other
applicable laws; and
(ii) they are solely responsible for the content, accuracy and originality of
the
information contained therein.

Source: VALLOUREC via Thomson Reuters ONE
HUG#1679669
 
Press spacebar to pause and continue. Press esc to stop.