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Vallourec To Cut Jobs In France, Germany, and Brazil, Q3 revenue declines
Vallourec To Supply OCTG Products For Its First Geothermal Project In Indonesia
Vallourec Strenghtens Its Partnership With Baker Hughes In Singapore
Vallourec SA is a France-based company, which specializes in the production of seamless and welded steel tube products for industrial applications. It operates through two segments: Seamless Tubes and Specialty Products. For the oil and gas industry, it designs and develops a comprehensive range of products including seamless tubes and connections for drilling operations, line pipes and well equipment. For the power generation market, it offers tubes that withstand severe temperature and pressure conditions. Its solutions enable power companies to meet the challenges of energy efficiency and reduce CO2 emissions in power plants. It also offers a wide range of tubes for petrochemical installations (refineries), for mechanical engineering applications (hydraulic cylinders and machine tools), for the automotive industry, for construction (stadiums, other complex buildings and structures) and for various other industrial sectors. It operates through Vallourec Solucoes Tubulares do Brasil.
Constr. - Supplies & Fixtures
27, avenue du General Leclerc
Independent Chairman of the Supervisory Board
Chairman of the Management Board
Independent Vice Chairman of the Supervisory Board, Lead Director
Chief Financial Officer, Member of the Management Board and Executive Committee
Senior Vice President Technology & Industry, Member of the Executive Committee
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French steel pipe maker Vallourec <VLLP.PA> said on Tuesday it aimed to hold broader talks on its financial restructuring with all its banks, shareholders and bondholders.
* Q1 REVENUE EUR 853.0 MILLION VERSUS EUR 1.03 BILLION YEAR AGO
* THIS REDUCTION WILL AFFECT OVER 900 POSITIONS (OVER ONE THIRD OF OUR TOTAL WORKFORCE AND CONTRACTOR POSITIONS IN NORTH AMERICA) ACROSS ALL PLANTS AS WELL AS SUPPORT FUNCTIONS
* CORONAVIRUS EPIDEMIC (COVID-19) IN COUNTRIES WHERE GROUP IS PRESENT, COMBINED WITH SUDDEN DECLINE IN PRICE OF OIL, WILL HAVE AN IMPACT ON GROUP'S ACTIVITIES
Steel pipe maker Vallourec <VLLP.PA> denied on Wednesday it was preparing a vast redundancy plan for France though it said it was working on an action plan to boost competitiveness its German operations.
French steel pipe maker Vallourec plans to cut jobs in France and Germany to reduce costs and its heavy debt burden, French weekly business magazine Challenges said on Wednesday.
* VALLOUREC SUCCESSFULLY PRICES OFFERING OF €400 MILLION SENIOR NOTES DUE 2023
* Q4 REVENUE EUR 1.07 BILLION VERSUS EUR 838 MILLION YEAR AGO
French steel pipe maker Vallourec reported a gross operating profit for 2017 on Wednesday, bucking analysts' expectations for a loss as it was helped by cost cutting and a rebound in oil and gas prices.
* DGAP-NEWS: VALLOUREC AWARDS PSI WITH THE DELIVERY OF A NEW MES Source text for Eikon: Further company coverage: (Gdynia Newsroom)
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