ISIN.com news update is courtesy of a press release from Vallourec and found on Yahoo.com’s finance page.
Vallourec (ISIN Code: FR0000120354), the world leader in premium tubular solutions, is proud to announce that Valinox Nucléaire, its subsidiary specializing in the production of tubes for nuclear power plants, has been contracted by AREVA to manufacture tubes for eight steam generators that will equip two EDF 1,300MW reactors.
The two contracts, which testify to the expertise of the Group and confirm its position as a world leader in this highly specialized field, form part of EDF`s program, launched in 2011, to gradually replace the large components on its 1,300MW power plants.
Vallourec, a partner of France`s nuclear industry from the outset, is playing a key role in the country`s nuclear power plant renovation program, whose purpose is to extend the lifetime of existing reactors.
Nicolas de Coignac, Senior Vice President Power and Pipe Project Sector, said: “These contracts, which consolidate our partnership with AREVA, illustrate, once again, the know-how and excellence of the French nuclear industry.“
Valinox Nucléaire will supply 5,300 nickel alloy tubes for each steam generator: 42,400 tubes in total. The tubes will be made in 2016 and 2017 at its Montbard plant in Burgundy, the birthplace of Vallourec`s nuclear activities.
For the entire press release, click here