VALLOUREC : VALLOUREC : Vallourec inaugurates new plant in China for the manufacturing of nuclear power plant tubes

   VALLOUREC : VALLOUREC : Vallourec inaugurates new plant in China for the
                  manufacturing of nuclear power plant tubes

  Vallourec inaugurates new plant in China for the manufacturing of nuclear
                              power plant tubes

Guangzhou, China  and Boulogne-Billancourt,  6 June  2013 -  Vallourec,  world 
leader in premium tubular solutions,  today announces the inauguration of  its 
plant dedicated to the manufacturing of tubes for steam generators located  in 
Nansha, a district  of Guangzhou,  in southeastern  China. This  new plant  of 
Valinox Nucléaire, a  Vallourec subsidiary specializing  in the production  of 
tubes for nuclear power  plants, represents an investment  of €55 million  and 
will eventually employ 200 people. The  commissioning of the plant is  planned 
for the third quarter of 2013, enabling Vallourec to accompany the large  rise 
in the number of Chinese nuclear  power plants, whose capacity is expected  to 
increase from 15GW in 2013 to 58GW in operation in 2020, with an  additional 
25GW under construction at that date.

In the  presence of  Ding  Hongdu, permanent  member  of PCC's  committee  for 
Guangzhou city and
Bernard Bigot, General  Administrator of the  French Atomic Energy  Commission 
(CEA), Philippe Crouzet, Chairman of  the Vallourec Management Board, said  at 
the inauguration ceremony: "After having invested in new factories in China in
order to serve  the premium  local markets for  oil and  gas and  conventional 
power generation, we are  pleased to be continuing  our expansion here in  the 
area of nuclear energy.  Indeed, with this  new facility, we  will be able  to 
locally support the  extensive development program  of Chinese nuclear  power. 
Vallourec is proud to serve this ambition with its technological expertise  in 
the area of  tubes for  steam generators suited  to the  latest generation  of 
nuclear power plants."

Complementing the  2011  extension  of Valinox  Nucléaire's  French  plant  in 
Montbard,  the  new  Nansha  facility  will  make  it  possible  to   increase 
Vallourec's annual production  capacity of steam  generator tubes by  2,000km 
per year. Thanks  to the  investments made in  France and  China, the  Group's 
total capacity for steam generator tube  production will increase by a  factor 
of four over a period of  five years to reach a  level of almost 7,000 km  per 
year.

Vallourec already supplies with steam  generator tubes 80% of Chinese  nuclear 
power plants  (plants  in operation  or  to  be commissioned).  The  Group  is 
therefore in  an  ideal  position to  meet  the  needs of  its  major  Chinese 
customers and to  continue accompanying construction  and renovation  programs 
underway in several regions of the world, including in South Korea, where  the 
Group recently won two contracts, as well as in France within the framework of
the program to renovate EDF's nuclear facilities.

World leader  in steam  generator  tubes designed  for nuclear  power  plants, 
Valinox Nucléaire is a wholly-owned subsidiary of Vallourec.

Inside a steam  generator the  nickel alloy  tubes made  by Valinox  Nucléaire 
enable thermal exchange between the  pressurized water of the primary  circuit 
from the reactor and the steam from the secondary circuit which will feed  the 
turbine.



About Vallourec

Vallourec is a  world leader  in premium tubular  solutions primarily  serving 
energy markets and other industrial applications.

With over 23,000 employees, integrated manufacturing facilities, advanced  R&D 
and a  presence  in  over  20 countries,  Vallourec  provides  customers  with 
comprehensive, innovative solutions designed to  respond to the challenges  of 
the 21^st century.

Listed on NYSE Euronext Paris (ISIN: FR0000120354, Ticker VK) and eligible for
the Deferred Settlement Service (SRD), Vallourec is included in the 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 Vallourec's ADR and ordinary share is 5 for 1.



www.vallourec.com





About Vallourec

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
eligible 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 Vallourec ordinary share has been set at 5:1.







www.vallourec.com





Contacts
Press relations                 Investor relations

Caroline Philips                Etienne Bertrand

Tel: +33 (0)1 41 03 77 50       Tel: +33 (0)1 49 09 35 58

caroline.philips@vallourec.fr  etienne.bertrand@vallourec.fr






                                      

Valinox Nansha (JPG)
130606 Vallourec_press release_inauguration Nansha (PDF)

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