VALLOUREC is a world leading manufacturer of seamless steel tubes and specific tubular products for industrial applications. Specializing in the most complex and highly-demanding industrial applications (extreme temperatu......VALLOUREC is a world leading manufacturer of seamless steel tubes and specific tubular products for industrial applications. Specializing in the most complex and highly-demanding industrial applications (extreme temperatures, pressure and corrosion), notably in the energy sector, Vallourec offers a portfolio of diversified, unique and high value-added tubular products. Today, the Group is a supplier of reference throughout the world and has a global industrial and sales presence. In 2006, VALLOUREC benefited from buoyant energy markets, posting a sharp increase in its results. The Group strengthened its portfolio of activities by making several disposals and acquisitions and by boosting its capital expenditure programme. VALLOUREC has production facilities on four continents.These are complemented by a worldwide network of sales offices and numerous service centres. The Group therefore has the major competitive advantage of being able to offer its customers high-quality and local services throughout the world. VALLOUREC & MANNESMANN TUBES is a VALLOUREC Group company. It was formed in 1997 as a joint venture between the French VALLOUREC group (55% of shares) and the German Mannesmannröhren- Werke (45% of shares) merging all their production units and marketing interests for seamless hot-rolled tubes and threaded oilfield tubulars. The Oil and Gas Division is recognized worldwide as specialist of extreme drilling conditions.The high-tech products designed and developed by the Oil and Gas Division meet the reliability requirements of even themost demanding customers, and are suited to the harsch operating conditions of the oil industry and gas wells from the oil well to refinery. They include drilling products, plain-end or threaded seamless tubes for casing or oil and gas production tubing, standard or premium joints (with the VAM® product line) for a variety of applications. Product grades are engineered to withstand specific, sometimes extreme operating conditions (corrosion, temperature, pressure).