Vallourec invests in Chinese nuclear

Vallourec subsidiary Valinox Nucléaire is set to build a new facility to produce steam generator tubes in Nansha, Guangdong province, in the South East of China. This project is intended to help accommodate the fast-growing Chinese nuclear power program, for which the installed capacity is expected to grow from 15GW to over 100GW in 2020. This project will complement the extension currently underway at the Valinox Nucléaire plant in Montbard, France. When operations in Nansha begin during the second half of 2012, Vallourec’s total offer of steam generator tubing will then increase from 5000km to close to 7000km per year. The new facility will employ 200 people with an investment of Euro 55 million.

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