Vallourec and ASMO Forge Strategic Partnership
Vallourec proudly announces a significant step forward by signing a Memorandum of Understanding (MoU) with Advanced Supply Management Operations (ASMO). This landmark agreement marks the first of its kind in the MENA region, where ASMO is set to operate as a cutting-edge procurement and supply chain services hub.
Overview of ASMO
ASMO is a joint venture between renowned entities DHL and Aramco, designed to streamline supply chain solutions. Established in 2024, ASMO is dedicated to servicing the energy, chemical, and industrial sectors, delivering a full spectrum of services from sourcing to logistics. This initiative aims not only to optimize supply chain operations but also to embrace digital transformation in the MENA region.
The Significance of the Partnership
This partnership underlines Vallourec’s commitment to being a pivotal player in the oil and gas sector. By becoming one of ASMO's initial partners, Vallourec is not only enhancing its established reputation but is also poised to leverage ASMO's innovative approach to create substantial value in the supply chain ecosystem.
Comments from Leadership
Laurent Dubedout, the Senior Vice President of OCTG, Services, and Accessories at Vallourec, expressed his enthusiasm about the collaboration. He stated, "Being chosen as one of ASMO's inaugural partners emphasizes Vallourec’s reliability and innovative spirit. We are excited about this milestone, which reinforces our presence in the region and aligns with our digitalization goals for pipe supply chain management."
About Vallourec
Vallourec is recognized globally as a leader in premium tubular solutions tailored for the energy market and various demanding industrial applications. With an extensive workforce of nearly 14,000 professionals across over 20 countries, Vallourec is dedicated to providing more than just products. The company is committed to delivering smart, safe, and competitive tubular solutions that empower clients to achieve their project goals.
Company Financials and Listings
Vallourec is traded on Euronext Paris with the ISIN code: FR0013506730 and the ticker symbol VK. Additionally, Vallourec is part of prominent indices including CAC Mid 60 and SBF 120, ensuring investor confidence through robust financial structures. In the United States, Vallourec maintains a sponsored Level 1 American Depositary Receipt (ADR) program, offering accessibility to U.S. investors.
Contact Information
For inquiries regarding investor relations, please contact:
Connor Lynagh
Tel: +1 (713) 409-7842
Email: connor.lynagh@vallourec.com
For individual shareholder queries, you can reach out through the toll-free number from France: 0 805 65 10 10 or email: actionnaires@vallourec.com.
Press Relations:
Romain Grière
Tel: +33 (0)7 86 53 17 29
Email: romain.griere@taddeo.fr
Frequently Asked Questions
What is the purpose of the Vallourec and ASMO partnership?
The partnership aims to enhance supply chain management services and drive digital innovation within sectors like energy and chemicals.
Who are the key players in ASMO?
ASMO is a joint venture involving DHL and Aramco, focusing on procurement and supply chain services in the MENA region.
When was ASMO established?
ASMO was incorporated in the year 2024 with the mission to offer end-to-end supply chain solutions.
What does Vallourec specialize in?
Vallourec specializes in premium tubular solutions for the energy market and various industrial applications, ensuring high performance in challenging environments.
How can investors contact Vallourec?
Investors can contact Vallourec's investor relations via Connor Lynagh at +1 (713) 409-7842 or through email at connor.lynagh@vallourec.com.
