Vallourec to supply OCTG to Sonatrach in Algeria [Yahoo! Finance]
VALLOUREC SA SP/ADR (VLOWY)
NASDAQ:AMEX Investor Relations:
vallourec.com/en/group/finance/investor_relations/pages/default.aspx
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Source: Yahoo! Finance
The agreement will see Vallourec deliver carbon steel OCTG threaded with its premium VAM connections, recognised as a standard in the Algerian market. Deliveries are scheduled for 2025 and 2026, with expected revenues exceeding $250m (€229.02m) for Vallourec. The renewed partnership with Sonatrach highlights Vallourec's technical solutions and operational performance in the region. The OCTG solutions will be manufactured across Vallourec's plants in Brazil, China, France and Indonesia. This global production footprint is designed to ensure high-quality standards and a flexible supply chain to meet Sonatrach's requirements. OCTG Services and Accessories senior vice-president Laurent Dubedout said: “This notice of award further establishes Vallourec's leadership in North Africa, a key region for our premium OCTG solutions. SONATRACH'S continued confidence in VAM connections, based on years of successful field performance, highlights the value we bring to its projects. “Than
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