VALLOUREC: Vallourec awarded several new tube orders for nuclear power plants in France and Asia
2013-01-25 08:33:53 -
Vallourec awarded several new tube orders for nuclear power plants in France and
These orders represent a year's workload for the Montbard plant (Burgundy,
Boulogne-Billancourt, January 25, 2013 - Vallourec, world leader in premium
tubular solutions, announces that its subsidiary Valinox Nucléaire, specializing
in the production of tubes for nuclear power plants, was awarded a number of
significant orders at the end of 2012, amounting to over a year's workload in
all for its Montbard plant in the Burgundy region of France. Deliveries are
scheduled from 2013 to 2015.
Renovation of French nuclear facilities
After two earlier contracts signed in February 2012, Valinox Nucléaire has been
awarded three new contracts for the production of tubes for steam generators in
1,300MW reactors, as part of the program to renovate EDF's nuclear facilities.
Contracts in Asia
Vallourec's subsidiary has also been awarded three contracts on the Asian
market, to supply tubes for two APR 1400 units in South Korea and one AP 1000
unit in China.
Nicolas de Coignac, Managing Director of Vallourec's Power Business, said: "With
these orders, Valinox Nucléaire confirms its position as the world leader in
steam generator tubes. The decision we made in 2011 to invest in our Montbard
plant, tripling its capacity, clearly makes sense. The orders also signify
worldwide recognition of the excellence found across the entire French nuclear
sector, united within the Burgundy Nuclear Partnership."
These contracts came just as Valinox Nucléaire, in December 2012, delivered
tubes for the 400(th) steam generator in its history - totaling 37,000km of
tubes supplied in nearly 40 years.
Valinox Nucléaire today employs 500 people at Montbard in Burgundy and will
complete the construction of a plant in the Guangdong Province of China in mid-
World leader in steam generator tubes designed for nuclear power plants, Valinox
Nucléaire is a wholly-owned subsidiary of Vallourec. 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 feeding the turbine.
The Burgundy Nuclear Partnership (or PNB - Pôle Nucléaire Bourgogne) which is a
competitiveness cluster bringing together some 160 companies, laboratories and
training organizations, was awarded an official label by the French state in
July 2005. The PNB has been chaired by Vallourec since it was founded in 2005.
Vallourec is a world leader in premium tubular solutions primarily serving the
energy markets, as well as other industrial applications.
With over 22,000 employees, integrated manufacturing facilities, advanced R&D,
and presence in more than 20 countries, Vallourec offers its customers
innovative global solutions to meet the growing energy challenges of the 21st
Listed on NYSE Euronext in Paris (ISIN code: FR0000120354, Ticker VK) and
eligible for the Deferred Settlement System, Vallourec is included in the
following indices: MSCI World Index, Euronext 100 and CAC 40.
In the United States, Vallourec has a sponsored Level 1 American Depository
Receipt (ADR) program (ISIN code: US92023R2094, Ticker: VLOWY). The ratio of
Vallourec ADR to ordinary shares is 5:1).
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