VALLOUREC : Innovation and competitive strength: Vallourec inaugurates new cutting-edge tube-piercing equipment in Germany
(Thomson Reuters ONE) -
Press Release
Innovation and competitive strength: Vallourec inaugurates new cutting-edge
tube-piercing equipment in Germany
Boulogne-Billancourt, 21 June 2017 - Vallourec, world leader in premium tubular
solutions, puts a new high-performance piercer into operation at its Düsseldorf-
Rath tube plant. This cutting-edge equipment is considered among the most modern
in the world and guarantees increased productivity and reduced energy
consumption.
The piercing of solid steel billets and their hot rolling on a mandrel are two
key stages in the production of seamless steel tubes. Controlling these
processes is crucial to the dimensional and metallurgical quality of the
products. With this new tool, Vallourec demonstrates its determination to
maintain its highest level of technological expertise and reinforces its
position as a global leader.
Equipped with three-roll technology, the new piercer is more powerful,
enabling it to shape, with outstanding dimensional precision and excellent
surface quality, premium tubes designed for the most demanding applications.
Working alongside the plant's rolling mill, the new piercer will also offer
greater flexibility in terms of the dimensions that can be achieved (outside
diameter, thickness, length) and the range of materials manufactured. It will
also consume less energy per metric ton produced.
The new equipment will enable the Group to meet rising demand for high-strength
and/or high-alloy steel tubes. Alloys that exhibit an optimal strength/weight
ratio are indeed being sought for a growing number of applications in the
engineering industry (cylinder tubes, crane components), steel construction
(structural components for drilling platforms), oil and gas (casing tubes and
coupling, line tubes), power generation (boiler tubes for power plants) and
petrochemicals, all markets in which the Group has a strong presence.
Lastly, the new piercer makes it possible to fully automate the process,
resulting in numerous internal production optimizations and improvements in
quality. Christoph Bem, the plant's director, explained: "The combination of the
latest technology and automation leads to a faster production process that is
able to sustain the highest quality standards. In this way we can intensify our
commitment to excellence for our customers".
Philippe Crouzet, Chairman of the Management Board, concluded: "This new
innovative tool, which is faster, more reliable and more efficient, is an
undeniable asset for the Group in Europe and is aligned with our global approach
to innovation. It will enable us to meet the market's ever-growing requirements
and maintain our technological lead in the manufacturing of high-strength
premium tubes".
To download photos of the new piercer, click here:
http://www.vallourec.com/EN/group/MEDIA/Library/Pages/news.aspx
About Vallourec
Vallourec is a world leader in premium tubular solutions for the energy markets
and for demanding industrial applications such as oil and gas wells in harsh
environments, new generation power plants, challenging architectural projects,
and high-performance mechanical equipment. Vallourec's pioneering spirit and
cutting-edge R&D continually open new technological frontiers. Operating in more
than 20 countries, its 19,000 dedicated and passionate employees work hand-in-
hand with their customers to offer more than just tubes: they deliver
innovative, safe, competitive and smart tubular solutions, to make every project
possible.
Listed on the Euronext in Paris (ISIN code: FR0000120354, Ticker VK) and
eligible for the Deferred Settlement Service (SRD), Vallourec is included in the
following indices: SBF 120 and Next 150.
In the United States, Vallourec has established a sponsored Level 1 American
Depositary Receipt (ADR) program (ISIN code: US92023R2094, Ticker: VLOWY). The
parity between the ADR and the ordinary Vallourec share is 5 for 1.
vallourec.com
Follow us on Twitter (at)Vallourec
For more information, please contact:
Investor relations Press relations
Etienne Bertrand Héloïse Rothenbühler
Tel: +33 (0)1 49 09 35 58 Tel: +33 (0)1 41 03 77 50 / +33 (0)6
45 45 19 67
etienne.bertrand(at)vallourec.com heloise.rothenbuhler(at)vallourec.com
Investor relations Individual shareholder relations
Guilherme Camara Toll-Free Number: 0 800 505 110
Tel: +33 (0)1 49 09 39 92 actionnaires(at)vallourec.com
guilherme.camara(at)vallourec.com
PDF version:
http://hugin.info/143606/R/2114951/804713.pdf
This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: VALLOUREC via GlobeNewswire
Unternehmensinformation / Kurzprofil:
Datum: 21.06.2017 - 20:48 Uhr
Sprache: Deutsch
News-ID 549236
Anzahl Zeichen: 5913
contact information:
Town:
BOULOGNE BILLANCOURT CEDEX
Kategorie:
Business News
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