Press release Vallourec
28 Novembre 2018 - 06:02PM
Boulogne-Billancourt, 28 November 2018 - Vallourec
formally refutes the information that it is preparing a vast
redundancy plan for France. The plan currently being implemented at
the boiler line in Saint-Saulve will be finalized at the end of
December 2018.
In addition, the Group confirms it is working on the definition of
an action plan to strengthen the competitiveness of Vallourec's
activities in Germany. This action plan will be submitted in due
time to consultation and negotiation of an agreement with the
relevant staff representative bodies.
About
Vallourec
Vallourec is a world leader in
premium tubular solutions for the energy markets and for demanding
industrial applications such as oil & 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 open new
technological frontiers. With close to 19,500 dedicated and
passionate employees in more than 20 countries, Vallourec works
hand-in-hand with its customers to offer more than just tubes:
Vallourec delivers innovative, safe, competitive and smart tubular
solutions, to make every project possible.
Listed on Euronext in Paris (ISIN
code: FR0000120354, Ticker VK) and eligible for the Deferred
Settlement System (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). Parity
between ADR and a Vallourec ordinary share has been set at 5:1.
www.vallourec.com
Follow us on Twitter @Vallourec
For further
information, please contact:
Investor relations
Jean-Marc Agabriel
Tel: +33 (0)1 49 09 39 77
Investor.relations@vallourec.com |
Press relations
Héloïse Rothenbühler
Tel: +33 (0)1 41 03 77 50 / +33 (0)6 45 45 19 67
heloise.rothenbuhler@vallourec.com |
Individual shareholders
Toll Free Number (from France): 0 800 505 110
actionnaires@vallourec.com
|
|
PDF version
This
announcement is distributed by West Corporation on behalf of West
Corporation 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
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