10
Jun
08:18
Vallourec Umbilicals to triple production
French pipe maker Vallourec Umbilicals is to triple its production capacity by 2020 thanks to the investment from French fund Sociétés de Projets Industriels (SPI). The Vallourec subsidiary specialises in the manufacture of tubes for umbilicals used primarily in the oilfield sector.
The fund is managed by Bpifrance and subscribed jointly by the French government and the European Investment Bank under the Juncker Plan, an investment plan to stimulat…
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