VALLOUREC AND ASMO SIGN A STRATEGIC PARTNERSHIP
VALLOUREC SA SP/ADR (VLOWY)
NASDAQ:AMEX Investor Relations:
vallourec.com/en/group/finance/investor_relations/pages/default.aspx
Company Research
Source: GlobeNewswire
VALLOUREC AND ASMO SIGN A STRATEGIC PARTNERSHIP Meudon (France), October 21, 2024 – Vallourec, a world leader in premium seamless tubular solutions, announces the signing of a Memorandum of Understanding (MoU) with Advanced Supply Management Operations (ASMO), a joint venture between DHL and Aramco (through the Saudi Aramco Development Company). ASMO is the first-of-its-kind procurement and supply chain services hub in Saudi Arabia, serving the energy, chemical, and industrial sectors across the MENA region. Incorporated in 2024, ASMO will deliver a comprehensive range of end-to-end supply chain services, including sourcing, procurement, inventory management, logistics, warehousing, and a Business-to-Business e-marketplace. Focused on leveraging cutting-edge technology and driving digitalization, ASMO aims to transform supply chain management operations and create value for companies across the region. Being over the first companies to sign such an MOU with ASMO demonstrates that
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