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 2013.
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’
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 7 inches).
Vallourec in North America: the #1 domestic producer of premium tubular solutions
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
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
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
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
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
Tel: +33 (0)1 41 03 77 50
Tel: +33 (0)1 49 09 35 58
Chesapeake Energy Corp,the Oklahoma-based firm is the No. 1 driller in Ohio.
Rig Count Interactive Map by Baker Hughes, an energy services company.
Shale Sheet Fracking, a Youngstown Vindicator blog.
The Ohio Environmental Council, a statewide eco-group based in Columbus.
Earthjustice, a national eco-group.
People's Oil and Gas Collaborative-Ohio, a grass-roots group in Northeast Ohio.
Concerned Citizens of Medina County, a grass-roots group.
No Frack Ohio, a Columbus-based grass-roots group.
Fracking: Gas Drilling's Environmental Threat by ProPublica, an online journalism site.
Pipeline, blog from Pittsburgh Post-Gazette on Marcellus shale drilling.
Allegheny Front, environmental public radio for Western Pennsylvania.