18
Nov
10:37
Vallourec to divest German rolling mills
French pipemaker Vallourec is starting the procedure to divest its German operations due to underperformance, it says in its third-quarter earnings report.
The company will invest more in South America to increase its competitiveness in international markets (see separate story). In the North Rhine-Westphalia region, Vallourec operates the Düsseldorf-Rath and Mülheim an der Ruhr rolling mills, Kallanish notes.
The pipemaker posted €834 million ($94…
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