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

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

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.
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       

Vallourec Tubes Valinox nuclear (2)
140717_CP Vallourec_ACP1000_Chine_ENG_PDF
Vallourec Tubes Valinox nuclear


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Source: VALLOUREC via Globenewswire
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