Vallourec Overview
Company Headquarters: Paris, France
Founded: 1899
Workforce: ~19,000
Company Working: Vallourec is one of the leading suppliers of premium tubular solutions for end-use industries such as power, oil & gas, automobile, construction, and petrochemicals. It operates through three business segments, namely, oil & gas and petrochemicals, industry, and power generation. The company provides OCTG under the oil & gas and petrochemicals segment. Some of the other products offered by the company under this segment are drilling products, surf, offshore, and onshore line pipes, hydrocarbon processing tubes, and fittings. Furthermore, it manufactures a wide range of products for the oil & gas industry including seamless tubes, line pipes, and premium connections for drilling operations, which can withstand extreme operating conditions such as high temperature, high pressure, and corrosive environments.
Vallourec has a presence in more than 20 countries, including the US, Germany, Brazil, China, Saudi Arabia, Mexico, Nigeria, and South Africa. It has six research & development centers across the US, Brazil, and France. Vallourec Changzhou Co., Ltd (China), Valinox Nucléaire (France), Vallourec Tube-Alloy, LLC (US), and Vallourec Umbilicals (France) are some of the company’s key subsidiaries.
Strategy
Vallourec focuses on enhancing its business operations through contracts and agreements worldwide. For instance, in September 2015, it signed a contract with Hess Corporation (US) to supply 14,000 tons of premium tubes for the stampede project in the Gulf of Mexico. Additionally, the company also acquired a stake of 70.07% in Anhui Tianda Oil Pipe Company Limited (China) to become a prominent manufacturer and supplier in Asia-Pacific and the Middle East. Therefore, using this inorganic growth strategy, it increased its presence in the global oil country tubular goods (OCTG) market
