Turnover: 3.4 billion EUR (2021)
Country: France
Vallourec was founded in 1957 and is now headquartered in Paris (France)
It specializes in hot-rolled seamless steel tubes, expandable tube technology, automotive parts and stainless steel, which it supplies to the energy, construction, automotive and mechanical engineering sectors.
Europe accounts for around 16% of Group sales, while Asia and the Middle East account for 31.3% and North America for 27.6%
Some 17,00018 employees worldwide, including 5,000 in France.
News
Storing hydrogen in tubes: Vallourec's idea to get the market off the ground 06/12/2023
Vallourec opens up new markets with 3D printing. 01/07/2023
- Two 3D printing robots are installed at Vallourec's Aulnoye-Aymeries site, along with five others
- Vallourec has chosen wire arc deposition (WAAM) technology for its 3D printing process.
- WAAM can be used to manufacture parts weighing up to a ton.
- A robot costs between 200,000 and 250,000 euros.
- The new robots will be able to print 10 to 20 tons of parts each year, compared with the 400,000 tons produced by a rolling mill.
- WAAM technology is suitable for small production runs of between 10 and 20 parts.
- Naval Group is Vallourec's first customer for its French site.
- Vallourec already has a robot in Germany and others in Singapore using WAAM.
In Montbard, Valti unveils its plan to relaunch the former Vallourec subsidiary in SME mode 18/11/2022
- Vallourec Bearing Tubes (VBT) becomes Valti
- Owned by the German investment fund Mutates, which specializes in taking over companies in difficulty
- Bearings market accounts for 2/3 of business (for SNR, SKF, Schaeffler or Koyo), mechanical engineering 1/3
- Sales fell to 45.8 million in 2021 (55% exported)
- Target 64 million by 2022, and break-even by 2023
- Headcount down to 176
Vallourec undertakes radical restructuring in Europe. 18/05/2022
- The group is cutting some 3,000 jobs, or almost a fifth of its workforce.
- Germany is paying the heaviest price, with the closure of two plants employing 2,400 people.
- In France, more than 300 jobs will be cut, and the Saint-Saulve site in the Nord region will be closed.
- No buyer for the two rolling mills in Germany
Vallourec to cut 320 jobs in France 18/05/2022
- The French group specializing in seamless metal tubes for the oil and gas industry is cutting 2,950 of its 17,000-plus jobs worldwide, including 2,400 in Germany and 320 in France
- The reason is a reorganization that will result in the closure of certain sites, such as Saint-Saulve in the Nord region of France
- Most job cuts will be in Germany
- The 2,4000 job cuts in Germany should have a positive impact of 130 million euros on Ebitda
Financial Data
DUNS: 552142200
Legal Name: VALLOUREC
Address: 12 RUE DE LA VERRERIE , 92190 MEUDON
Number of employees: Entre 3 et 5 salariés (2021)
Capital: 4 745 437 EUR
Financial Data:
| Year | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|
| Turnover | 2 086 000 | 2 933 000 | 5 381 000 | 5 381 000 | 2 335 000 | 5 050 000 | 5 758 000 | 3 769 000 |
| Gross margin (€) | 3 343 000 | 3 860 000 | 7 530 000 | 7 530 000 | 32 690 000 | - | 15 545 000 | - |
| EBITDA (€) | -12 749 000 | -10 020 000 | -10 138 000 | -12 256 000 | -27 557 000 | - | -23 562 000 | - |
| Operating profit (€) | -13 095 000 | -19 265 000 | -16 953 000 | -16 953 000 | - | - | -13 775 000 | - |
| Net profit (€) | 1 657 926 000 | 510 764 000 | -63 648 000 | -63 648 000 | -34 718 000 | -39 056 000 | -17 841 000 | 61 538 000 |
| Turnover growth rate (%) | -28,9 | 8,4 | 98,9 | 130,4 | 116,3 | -12,3 | 52,8 | - |
| Ebitda margin rate (%) | -611,2 | -341,6 | -188,4 | -227,8 | -545,7 | - | -409,2 | - |
| Operating margin rate (%) | -627,8 | -656,8 | -315,1 | -315,1 | - | - | -239,2 | - |
| Working Capital (turnover days) | 71 416,8 | 50 179,7 | 143 764,4 | 143 238,4 | 28 427,4 | - | 30 753,1 | - |
| Working Capital requirements (turnover days) | -581,1 | - | -214,4 | 183,8 | -607,3 | - | - | - |
| Net margin (%) | 79 478,7 | 17 414,4 | -1 182,8 | -1 182,8 | -773,4 | - | -309,8 | - |
| Added value / Turnover (%) | -338 | -148 | -87,2 | -87,2 | 613,4 | - | 100 | - |
| Wages and social charges (€) | 5 366 000 | 3 898 000 | 4 093 000 | 4 093 000 | - | - | - | - |
| Salaries / Turnover (%) | 257,2 | 132,9 | 76,1 | 76,1 | - | - | - | - |
Company Managers:
| Position | First Name | Last Name | Age | |
|---|---|---|---|---|
| Président du conseil d'administration et directeur général | Edouard | Guinotte | 53 | |
| Président du conseil d'administration et directeur général | Philippe, Claude, Andre | Guillemot | 64 | |
| Directeur général délégué | Olivier | Mallet | 67 | |
| Administrateur | Angela | Minas | 60 | |
| Administrateur | Gareth | Turner | 60 | |
| Administrateur | Pierre | Vareille | 66 | |
| Administrateur | Hera | Siu | 64 | |
| Administrateur | Corine | DE Bilbao | 57 | |
| Administrateur | Luciano | Siani Pires | 54 | |
| Autre | Patrick | Poulin | 57 |
Studies mentioning this company
The steel market - France
Other companies mentioned:
- ArcelorMittal
- China Baowu Group
- Nippon Steel Corporation
- Riva Acier France
- Vallourec
- Aubert et Duval
- ThyssenKrupp
- Ascometal
The steel market - France
Other companies mentioned:
- ArcelorMittal
- Aperam Groupe - Aperam Stainless France
- Eramet
- China Baowu Group
- Nippon Steel Trading Europe
- Riva Acier France
- Vallourec
- Aubert et Duval
- ThyssenKrupp
- Ascometal
- Industeel (Arcelor Mittal)
- H2 Green Steel
- Nippon Steel Corporation
- Erasteel
The hydrogen market - France
Other companies mentioned:
- Mc Phy
- Hydrogenics
- Linde
- STEP (Hype)
- Symbio
- Ballard Power systems
- Toyota
- Faber Cylinders
- Forvia (ex Faurecia)
- Hydrogen Council
- Air Liquide
- EDF
- HDF (Hydrogène de France)
- Atawey
- Lhyfe
- Safra
- Elyse Energie
- Roth2
- Genvia
- Hélion Astom Hydrogen Alsthom
- Chemours
- HySiLabs
- Technip Energie
- Verso Energy
- 45-8 Energy
- Vallourec
- HEF Groupe
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