euronext vk industry manufacturing founded 1957 headquarters paris france key people philippe crouzet ceo vivienne cox chairman of the supervisory board jean pierre michel chief executive officer olivier mallet chief financial officer . products steel pipes and tubes revenue 5.701 billion 2014 1 profit 924 million 2014 2 number of employees 24 053 2013 website www.vallourec.com vallourec s.a. is a multinational company headquartered in boulogne billancourt paris france which provides solutions to energy industries as well as the industrial sector such as the construction automotive and mechanical industries . vallourec specializes in hot rolled seamless steel tubes expandable tubular technology automotive parts and stainless steel . vallourec shares are listed on nyse euronext . vallourec has 24 053 employees 2013 numerous integrated manufacturing facilities advanced r & d operations and a presence in more than 20 countries . contents 1 history 2 head office 3 activities 3.1 oil & gas 3.2 power generation 3.3 industry & construction 3.4 revenue distribution 4 research and development 5 worldwide presence 6 senior management 7 financial results 7.1 stock information 7.2 capital and shareholding 2014 8 see also 9 references 10 external links history edit part beneficiaire of soc . metallurgique de montbard s.a. from 2nd march 1899 vallourec s history started near the end of 19th century after the mannesmann s brothers discovered a process for rolling seamless steel tubes in germany . french manufacturers then began to adopt this same method as well as construct many industrial sites in northern france and the burgundy bourgogne region . la soci t fran aise des corps creux located in montbard which was renamed soci t m tallurgique de montbard and listed on the paris stock exchange in 1899 is one of the historic cornerstones of vallourec . in 1907 soci t m tallurgique de montbard acquired a company in aulnoye and changed its name to soci t montbard aulnoye . during the 1920s and 1930s many french industrial steel tube companies began to concentrate and specialize . in 1931 an industrial and commercial partnership was established between the factories in the cities of valenciennes louvroil and recquignies forming a new company vallourec using the first syllable of each city to create its name . in 1937 soci t montbard aulnoye and soci t louvroil et recquignies merged as soci t louvroil montbard aulnoye . vallourec became the second largest steel tube manufacturer in france following the merger of the soci t des tubes de valenciennes and the soci t louvroil montbard aulnoye and was listed on the paris stock exchange in 1957 . in 1963 vallourec launched the vam joint.the vam joint rapidly became a benchmark product in the petroleum industry . in 1967 vallourec acquired the tube division of lorraine escaut its main competitor . during the 1970s vallourec built an integrated steel and tube plant in saint saulve and also formed several industrial and commercial partnerships one such being with the japanese company sumitomo nippon steel & sumitomo metal corporation nssmc the 3rd largest manufacturer of steel tubes worldwide . in 1984 vallourec entered the united states market with the foundation of vam pts premium threading services a joint venture between vallourec and sumimoto . 1997 represents a turning point for vallourec following an alliance with the german company mannesmann r hrenwerke vallourec became a world leader in the seamless steel tube market . this jointly owned company was named vallourec & mannesmann tubes v & m tubes . the newly formed group then continued to break into the international market with major acquisitions in both brazil and the united states . the acquisition of north star steel located in youngstown ohio considerably strengthened the company s presence in the united states . 3 in june 2005 vallourec gained full control of v & m tubes by purchasing mannesmann r hrenwerke s 45 % stake in the company . in 2006 following the purchase the group entered the cac 40 index listed on the paris stock exchange . 4 also in that same year following the acquisition of the american company omsco in september 2005 vallourec became the world s second largest manufacturer of drill pipes . the drill pipe operations were regrouped under the name vam drilling and in 2013 renamed vallourec drilling products . vallourec continues to develop its operations in the oil & gas sectors reinforcing its presence in china 5 and the middle east 6 7 and investing in tubes for nuclear plants . during the last years vallourec announced two major investments in 2010 they announced plans to build a new tubing factory in youngstown ohio for a sum of 650 million 8 to support the long term development of alternative gas production shale gas in the united states . 9 in 2011 vallourec & sumitomo tubos do brasil vsb was founded through a joint venture between vallourec 56 % and sumitomo 44 % featuring a new state of the art integrated plant which is located in jeceaba brazil . on october 1 2013 all of the company s divisions were rebranded under the name vallourec . vallourec is currently contributing to the renovation of brazil s major football stadiums in preparation for the 2014 fifa world cup . head office edit vallourec head office 27 avenue du general leclerc boulogne billancourt france the head office is in a six floor 8 200 m2 88 000 sq ft facility in boulogne billancourt . it moved there in may 2007 . it includes a 3 000 m2 32 000 sq ft interior green space . 10 activities edit vallourec is the world leader for premium tubing products for the oil & gas electrical petrochemical mechanical and automotive industries . the company specializes in complex applications adapted for extreme conditions . oil & gas edit in the oil & gas industry vallourec is a major provider for tubing solutions used in exploration and production casing and tubing connections and risers the transport of hydrocarbons line pipe and integrated welding solutions services for the oil industry and tubes for refineries . vallourec is specialized in products used in extreme conditions such as deep wells corrosive environments deviated wells and high pressure and high temperature conditions as well . vallourec works with oil companies engineering companies and distributors alike . power generation edit concerning power generation vallourec produces premium tubes with the ability to withstand high temperatures and pressures for both electrical and nuclear power plants . vallourec works with manufacturers of boilers for power stations and producers of steam generators for nuclear power plants . industry & construction edit vallourec also produces tubes for the mechanical automotive and construction industries . vallourec manufactures structural tubes used in the mechanical sector agricultural machinery hoists hydraulic jacks cranes etc. and works with major automotive manufacturers and suppliers of tubes and other components . in the construction industry vallourec manufactures tubes used in architectural projects industrial or collective equipment and private buildings . vallourec has provided tubes for the construction of the steel structure of the soccer city stadium in johannesburg south africa the stade de france the grande arche de la d fense wembley stadium in london bangkok airport in thailand as well as certain necessary components used to build the top of one world trade center . recently in preparation for the fifa confederations cup brazil 2013 and the 2014 fifa world cup vallourec provided structural seamless steel tubes for the renovation and construction of brazilian stadiums . 11 12 revenue distribution edit oil & gas 61 % power generation 12 % mechanics 9 % petrochemicals 7 % construction and other 7 % automotive 4 % 13 research and development edit vallourec has a r & d team of 500 engineers and technicians in 6 research centers around the world france aulnoye germany d sseldorf and riesa brazil rio de janeiro and belo horizonte and the united states houston . in 2013 vallourec dedicated 87 million to its r & d operations . worldwide presence edit vallourec has a presence in more than 20 countries with 50 manufacturing facilities worldwide . in the past fifteen years vallourec has increased its industrial presence in asia china and indonesia brazil and the middle east by increasing the local share of production . breakdown of sales by region in 2013 north america 26.2 % europe 19.1 % south america 21.2 % asia and middle east 26.2 % rest of the world 7.3 % list of vallourec locations 14 france germany brazil usa saudi arabia abu dhabi china mexico canada senior management edit chairman of the management board philippe crouzet chief executive officer jean pierre michel chief financial officer olivier mallet financial results edit financial statements in euro millions year 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 revenue 2 500 2 550 2 376 3 038 4 307 5 542 6 141 6 437 4 465 4 491 5 296 5 326 5 578 net income 967 518 410 401 217 262 employees 17 247 17 419 17 507 17 484 17 542 18 217 16 874 18 561 18 567 20 561 22 204 23 177 24 053 stock information edit shares listed on eurolist by euronext paris stock exchange stock market index euronext 100 msci world index isin code fr0000120354 in the united states vallourec has a sponsored american depositary receipt program adr level 1 isin code us92023r2094 ticker vlowy . parity between adr and ordinary share vallourec is 5 to 1 . capital and shareholding 2014 edit as of 31 december 2014 15 public 76.50 % group employees 7.14 % bpifrance 7.14 % capital research 5.21 % bollor 1.64 % nippon steel & sumitomo metal 1.58 % treasury shares 0.83 % see also edit companies portal list of steel producers references edit http www.vallourec.com en group media presentations lists publications 20150224 vallourec presentation 2014 results en.pdf http finance.yahoo.com news vallourec full 2014 results focus 164802285.html vallourec star time line vindy.com january 14 2014 vallourec to join france s benchmark cac40 index euronext says bloomberg november 25 2006 vam bent on conquering the chinese market connection mag december 2013 vallourec strengthens middle east presence with new finishing plant steel orbis inauguration of vallourec saudi arabia the first premium steel prices china 21 jan 2014 650 million plant to transform youngstown the blade 19 april 2011 57 million steel finishing mill planned for youngstown crainscleveland.com november 30 2011 vallourec s attache boulogne archive . le journal du net . retrieved on november 28 2014 . vallourec contributes to the renovation of brazil s main football stadiums for the 2014 fifa world cup tm reuters jun 10 2013 vallourec supplies seamless tubes to brazil s football stadiums steel first 11 june 2013 vallourec financial results & key figures http www.vallourec.com en lands pages default.aspx 2014 registration document pdf . vallourec . 17 april 2015 . retrieved 21 february 2016 . external links edit official website retrieved from https en.wikipedia.org w index.php title vallourec & oldid 744516980 categories companies established in 1957manufacturing companies of france1957 establishments in francestate owned companies of francehidden categories official website different in wikidata and wikipedia navigation menu personal tools not logged intalkcontributionscreate accountlog in namespaces article talk variants views read edit view history more search navigation main pagecontentsfeatured contentcurrent eventsrandom articledonate to wikipediawikipedia store interaction helpabout wikipediacommunity portalrecent changescontact page tools what links hererelated changesupload filespecial pagespermanent linkpage informationwikidata itemcite this page print export create a bookdownload as pdfprintable version languages deutsch fran aisitalianonederlandspolskiportugu srom n edit links this page was 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