VAM USA to build new Premium Threading Plant

VAM USA to build new Premium Threading Plant

Houston, Texas - March 14, 2014

VAM USA enters in an agreement for new Seamless Pipe Premium Threading Plant in Youngstown, Ohio

VAM USA LLC, the leading supplier of premium threaded connections for the oil and gas industry in the USA, confirms today that it reached an agreement with the City of Youngstown, Ohio to purchase and develop property for a new threading plant to be located on Ohio Works Drive. The planned 67,000 square foot and approximately $80 million facility will thread VAM® connections on pipe produced at the adjacent Vallourec Star plant and destined for the North America oil and gas shale plays.

Eric Shuster, President of VAM USA commented: “We are very grateful for the cooperation VAM USA has received from the City of Youngstown, JobsOhio, Team NEO and the Youngstown Warren Regional Chamber during negotiations to bring about this development. VAM USA’s investment responds to the customers’ requirements for high quality tubular products in proximity to their operations and provides the one stop shop for the finished goods they need. This project will also create numerous construction jobs and around 80 full time positions when production starts next year.”

About VAM USA
Headquartered in Houston, Texas, VAM USA, the leading supplier of premium threaded connections for the oil and gas industry in the USA, continuously extends its product offerings in response to the fast-growing demand for premium connections, and provides today a complete set of solutions to both the Shale Plays and the Gulf of Mexico. VAM USA product lines include Threaded and Coupled, Flush and Semi Flush integral joints for carbon, alloy, and stainless steel tubing and casing, that meet or exceed the technical requirements of the energy industry. VAM USA performs on-site product development and qualification tests at its own state of the art Connection Technology Center, and offers extensive field service and technical services in support of projects across North America.

VAM USA is a joint venture company between Vallourec, Nippon Steel & Sumitomo Metal Corporation, and Sumitomo Corporation. While affiliated with Vallourec, VAM USA is a separate operating entity from Vallourec Star, a seamless pipe manufacturer with facilities in Youngstown (OH), Houston (TX), and Muskogee (OK).

VAM® is a registered trademark of Vallourec Oil & Gas France.

For additional information: info.vus-na@vallourec.com
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