VALLOUREC: Vallourec wins an order for nuclear power plant tubes in China and
obtains qualification for the new Chinese reactor ACP1000
Vallourec wins an order for nuclear power plant tubes in China and obtains
qualification for the new Chinese reactor ACP1000
Boulogne-Billancourt, 17 July 2014 - Vallourec, world leader in premium
tubular solutions, announces that its subsidiary Valinox Nucléaire, which
specialises in tubes for nuclear power plants, has won a contract to supply
tubes for the Chinese nuclear reactors Fuqing 5 and 6, in Fujian province.
This contract represents 750kilometres of tubes intended for the steam
generators of the plant's two units operated by CNNC (Chinese National Nuclear
Qualification for the new Chinese standard reactor ACP1000
This contract enables Valinox Nucléaire to obtain its qualification for the
new Chinese reactor design, the ACP1000. By broadening its offer and
experience, Vallourec will benefit from the new reactor's potential, which
will become a standard for the Chinese domestic market and for export. This
third-generation pressurized water reactor, which has a capacity of 1,100MW,
was developed entirely in China by CNNC.
Nicolas de Coignac, Vallourec's Director in charge of the Power business line,
said: "With this new order for the Chinese nuclear market which represents
half of the worldwide nuclear market, we strengthen our global leadership in
tubes for steam generators. By qualifying for the new Chinese standard, our
subsidiary Valinox Nucléaire confirms its reputation for technical excellence
in the critical tubes located in a plant's primary loop, and enables us to
reaffirm our determination to support our Chinese customers in their ambitious
First tour around the world in tubes
The contract comes at a time when Valinox Nucléaire, world leader in steam
generator tubes designed for nuclear power plants, has just completed its
first tour around the world in tubes. Between 1974 and 2014, the wholly-owned
subsidiary of Vallourec produced 40,000 km of tubes, which is equivalent to
the circumference of the earth. 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 rotating the turbine.
Vallourec is a world leader in premium tubular solutions primarily serving the
energy markets, as well as other industrial applications.
With over 24,000 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 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 SBF 120.
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.
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Press relations Investor relations
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Tel: +33 (0)1 41 03 77 50 Tel: +33 (0)1 49 09 35 58
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Source: VALLOUREC via Globenewswire
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