Vallourec S.A (France) Overview
Vallourec S.A was established in 1957 and headquartered at Boulogne-Billancourt, France. It has operational presence in more than 20 countries, and had 19,000 employees globally till 2016.
The company operates in three broad business segments, namely Oil & Gas, Power Generation and Industry. Oil & Gas offers operations such as OCTG Products, Drilling Products, SURF (Subsea Umbilicals, Risers & Flowlines), Hydrocarbon processing tubes, Wielding Solutions and Fittings. This segment reported a revenue of USD 2,023 billion in the FY 2016, accounting for 64.8% of the company’s revenue. It competes with manufactures such as DP Master Manufacturing Pvt Ltd. (China), Drill Pipe International Llc. (USA), Hilong Group. (China), and NOV (USA).
Strategy
The company sees expansion as key strategy to make the company more productive.. The company recently inaugurated its new premium finishing plant for oil & gas tubes in Saudi Arabia: Vallourec Saudi Arabia. New oil & gas accessories facility at Singapore was inaugurated in 2016. It is specialized in threading VAM premium connections on wellhead and completion equipment, and in the manufacture of turnkey OCTG accessories. It has an annual capacity of 25,000 threads.
