VALLOUREC : VALLOUREC : Vallourec dedicates its new U.S. plant in Youngstown, Ohio, to meet North American oil and gas market's

VALLOUREC : VALLOUREC : Vallourec dedicates its new U.S. plant in Youngstown,
       Ohio, to meet North American oil and gas market's growing needs

Vallourec dedicates its  new U.S.  plant in  Youngstown, Ohio,  to meet  North 
American oil and gas market's growing needs

Youngstown, Ohio, and Boulogne-Billancourt, June  12, 2013 - Vallourec,  world 
leader in premium tubular solutions, today announces the dedication of its new
pipe mill to serve, in particular, the North American market for production of
shale hydrocarbons. Located  in Youngstown (Ohio,  United States), within  the 
existing Vallourec Star facility,  the new unit further  expands the range  of 
Vallourec products  manufactured  in North  America.  With an  initial  annual 
production capacity of 350,000 tons of small diameter seamless tubes, the  new 
mill represents an investment of $ 1.05 billion and employs 350 people.

The mill delivered its first pipe in December 2012 and will ramp-up throughout

Speaking at  the  new facility's  dedication,  Philippe Crouzet,  Chairman  of 
Vallourec's Management Board, said:  "Implementation of this new  state-of-art 
mill enables  us  to  strengthen  our premium  products  leadership  in  North 
America. I  would  like to  recognize  our local  teams  who have  managed  to 
complete a major  project in an  extremely short  time frame. I  also want  to 
express our appreciation to the  federal, state and municipal authorities  for 
their unfailing support. With this new  pipe mill, we are able to  participate 
even more actively in the development of shale hydrocarbons in North  America, 
with an offer that responds to all of our customers' needs."

Exploration and production of  unconventional hydrocarbons has  revolutionized 
the North American market for oil  and gas, leading to a significant  increase 
in accessible reserves in the region. The large number of wells and the use of
horizontal drilling techniques required  in shale hydrocarbon production  have 
increased demand for small diameter tubes and premium connections.

With the new mill coming on stream, Vallourec's Youngstown site now offers the
full range of products and services necessary for all hydrocarbon  production, 
and in particular the shale developments. The integrated site includes a steel
mill, a mill specializing in medium diameter tubes (from 5 to 10 ^3/4  inches) 
and the new mill, which specializes in the manufacture of small diameter tubes
(2 ^3/8 to 7inches).

Vallourec in  North  America: the  #1  domestic producer  of  premium  tubular 

With over 2,900 people in  22 manufacturing facilities and service  operations 
in the US, Canada and Mexico, Vallourec in North America primarily serves  the 
local Oil & Gas market. Key products include Oil Country Tubular Goods (OCTG),
Line Pipe, Drill Pipe and premium threading services of VAM^® premium  joints. 
Most other market segments are  served by Vallourec's specialized entities  in 
Europe and Brazil.

In 2012,  the  North  American  market generated  €1.5  billion  in  revenues, 
representing 29% of Vallourec's total sales.

With the most competitive integrated supply of tubular solutions and finishing
shops ideally situated close to its customers, Vallourec is strengthening  its 
position as leading premium tubular solutions supplier in North America.

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.

For further information, please contact
Press relations                Investor relations

Caroline Philips                Etienne Bertrand

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

Vallourec Star Youngstown aerial view (JPG)
130612 Vallourec Press release Dedication FQM Youngstown (PDF)


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Source: VALLOUREC via Thomson Reuters ONE
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