Vallourec is out to steel its clients’ businesses — the company ranks among the world’s top producers of steel tubing. It caters to oil and gas, automotive, and mechanical engineering customers worldwide. Vallourec’s seamless tubes unit makes welded and drawn tubes primarily for the energy industry, while its automotive and specialty products division makes tubes and stainless steel products for the auto industry, among others. Its Vallourec & Mannesmann Tubes subsidiary produces seamless tubes. Following a few years of acquisitions, divestitures, and general reorganization, the energy sector (including the oil and gas and power generation markets) accounts for more than two-thirds of Vallourec’s sales.
Vallourec
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3.1
Overall Excellence Rating
Industry
Oil, Gas and MiningCategory
Metal & Mineral ManufacturingESG/Ethical Impact
Helping to build a socially fairer and more balanced future for the neighboring communities is one of the targets of Vallourec’s efforts. This premise is the guideline for the efforts towards the social and cultural improvement of the region where Vallourec is located. To reach this target projects and actions are developed with the purpose of community development, including generating jobs and income and social and cultural investments. Vallourec develops a series of initiatives aiming to manage and evaluate the impacts of operations in the communities and also to make a positive long term contribution to these locations. The main initiative is Programa Comunidade Viva launched in 2005 and that focuses on 2 main fronts: Strengthening of the community and Education and work. The idea behind the first front is to contribute to the strengthening of local leaderships and institutions of the area embraced by the program – reaching approximately 10000 inhabitants. In the work and education front the idea is to expand the learning opportunities as well as inclusion in the job market to improve the life quality of children, teenagers and their families. With direct annual investments and also resources coming from tax incentive laws Vallourec supports projects directed towards education, health, generation of jobs and income and incentives for culture and sports. Vallourec companies in Brazil are committed to the rational use of natural resources, in all their processes. They closely track, control and monitor indicators related to the management of atmospheric emissions, water resources, effluents, waste and co-products, and biodiversity. They invest in actions aimed at energy efficiency, environmental education practices, aimed at the internal public and the communities near the operating units, as well as the continuous improvement of their processes.
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Awards Received
2023
Revenues
$5,100,000,000.00
Website Traffic
Employee Rating
4
Customer Rating
4.2
Company Size
10000+
ESG Risk Rating
3
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