VALLOUREC: Vallourec wins an order for nuclear power plant tubes in China and obtains qualification for the new Chinese reactor

VALLOUREC: Vallourec wins an order for nuclear power plant tubes in China and           obtains qualification for the new Chinese reactor ACP1000   Press release  July 2014  www.vallourec.com  Vallourec wins an  order for nuclear  power plant tubes  in China and  obtains  qualification for the new Chinese reactor ACP1000  (Scroll down at the end of the press release for photos)  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 Corporation).  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 nuclear program."  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.  About Vallourec  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.  www.vallourec.com Follow us on Twitter @VallourecGroup  For further information, please contact Press relations                     Investor relations Caroline Philips / Laurence Pernot  Etienne Bertrand Tel: +33 (0)1 41 03 77 50           Tel: +33 (0)1 49 09 35 58 media@vallourec.com                 etienne.bertrand@vallourec.com  Vallourec Tubes Valinox nuclear (2) 140717_CP Vallourec_ACP1000_Chine_ENG_PDF Vallourec Tubes Valinox nuclear  ------------------------------------------------------------------------------  This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients. The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein. Source: VALLOUREC via Globenewswire HUG#1829150  
Press spacebar to pause and continue. Press esc to stop.