Vallourec inaugurates new plant in China for the manufacturing of nuclear power plant tubes (US)

Share on Facebook0Share on Google+0Tweet about this on TwitterShare on LinkedIn0Pin on Pinterest0Email this to someonePrint this page

Vallourec China

Key dates of Vallourec history in China

  • 1904 :  First tube delivered to the water network of Shanghai city by Mannesmann
  • 1954 : First contract for boiler tubes and pipes
  • 1997 : First plant in Changzhou (Changzhou Valinox Great Wall Welded Tube
  • 2006 : Creation of V & M Changzhou (finishing facility, power generation)
  • 2007 : Creation of VAM Changzhou (threading facility, oil & gas)
  •  2010 : Decision to extend V & M Changzhou capacity (production of power generation tubes)
  • 2010 : Acquisition of 19.5% of Tianda Oil Pipe, a Chinese pipe
  • manufacturer for Oil & Gas applications
  • 2010: New investment project of Valinox Nucléaire in Nansha: facility for steam generator tubes dedicated to the Chinese nuclear power industry
  • 2011  First stone laid of Valinox Nucléaire in Nansha 
  • 2012 :  Extension of V & M Changzhou (production and finishing of power generation tubes)
  • 2013 : Inauguration of Valinox Nucléaire new plant in Nansha

Guangzhou, China and Boulogne-Billancourt, 6 June 2013 –Vallourec, world leader in premium tubular.  solutions, today announces the inauguration of its plant dedicated to the manufacturing of tubes for steam.  generators located in Nansha, a district of Guangzhou, in southeastern China. This new plant of Valinox.  Nucléaire, a Vallourec subsidiary specializing in the production of tubes for nuclear power plants, represents.  an investment of €55 million and will eventually employ 200 people. The commissioning of the plant is planned.  for the third quarter of 2013, enabling Vallourec to accompany the large rise in the number of Chinese nuclear.  power plants, whose capacity is expected to increase from 15 GW in 2013 to 58 GW in operation in 2020, with  an additional 25 GW under construction at that date.  In the presence of Ding Hongdu, permanent member of PCC’s committee for Guangzhou city and Bernard Bigot, General Administrator of the French Atomic Energy Commission (CEA), Philippe Crouzet, Chairman of the Vallourec Management Board, said at the inauguration ceremony:  “After having invested in new factories in China in order to serve the premium local markets for oil and gas and conventional power generation, we are pleased to be continuing our expansion here in the area of nuclear energy. Indeed, with  this new facility, we will be able to locally support the extensive development program of Chinese nuclear  power. Vallourec is proud to serve this ambition with its technological expertise in the area of tubes for steam  generators suited to the latest generation of nuclear power plants.” Complementing the 2011 extension of Valinox Nucléaire’s French plant in Montbard, the new Nansha facility  will make it possible to increase Vallourec’s annual production capacity of steam generator tubes by 2,000 km  per year. Thanks to the investments made in France and China, the Group’s total capacity for steam generator  tube production will increase by a factor of four over a period of five years to reach a level of almost 7,000 km per year.  Vallourec already supplies with steam generator tubes 80% of Chinese nuclear power plants (plants in  operation or to be commissioned). The Group is therefore in an ideal position to meet the needs of its major  Chinese customers and to continue accompanying construction and renovation programs underway in several   regions of the world, including in South Korea, where the Group recently won two contracts, as well as in  France within the framework of the program to renovate EDF’s nuclear facilities.  World leader in steam generator tubes designed for nuclear power plants, Valinox Nucléaire is a whollyowned   Subsidiary of Vallourec. nside a steam generator the nickel alloy tubes made by Valinox Nucléaire enable thermal exchange between the pressurized water of the primary circuit from the reactor and the steam from the secondary circuit which  will feed the turbine.

 

About Vallourec

 

Vallourec is a world leader in premium tubular solutions primarily serving energy markets and other industrial applications.  With over 23,000 employees, integrated manufacturing facilities, advanced R&D and a presence in over 20 countries, Vallourec provides customers with comprehensive, innovative solutions designed to respond to the challenges of the 21 st century. Listed on NYSE Euronext Paris (ISIN: FR0000120354, Ticker VK) and eligible for the Deferred Settlement  Service (SRD), Vallourec is included in the MSCI World Index, Euronext 100 and CAC 40. In the United States, Vallourec has established a sponsored Level 1 American Depositary Receipt (ADR).  program (ISIN code: US92023R2094, Ticker: VLOWY). Parity between Vallourec’s ADR and ordinary share is 5 for 1.

 

 

 

 

 

Posted in Strategy.

Leave a Reply

Your email address will not be published. Required fields are marked *