ITA International Tube Association

Vallourec’s H1 financial results reflect the Group’s significant transformation into a more profitable, resilient, and cash-generative company. I am proud to say that we are stronger, more agile, and more efficient than ever.   Despite weaker conditions in the US market, our Tubes EBITDA margin exceeded 20% for the fifth time in the last six quarters. In addition, our cash generation was positive for the seventh consecutive quarter, enabling us to remain ahead of our net debt reduction plan.   Over the past few months, Vallourec successfully leveraged the strong commercial momentum of the international OCTG market – we won several contracts to supply premium tubular solutions to top global customers in Middle East, South America, and Africa, notably ADNOC Group in UAE, Equinor in Brazil, and TotalEnergies in Angola.   Today, thanks to the successful completion of our balance sheet refinancing, we are in a resilient position for any market environment. We expect further total cash generation in the second half of 2024, which will be predominantly allocated to future shareholder returns in 2025 at the latest.   Furthermore, we are seeing significant interest for our vertical hydrogen storage solution #Delphy, where we currently have a bidding pipeline of more than €2 billion, while improving our operating margins and positioning Vallourec as a leading player in the field of #NewEnergies.   I would like to congratulate and warmly thank our teams who are working tirelessly to make our group the strong, innovative, and dynamic company it is today.

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Join us on July 31 (11am-12pm CT) as we explore the new AISC Design Guide 24. Dr. Jeffrey Packer, an author of this latest edition, will take you through limit states for HSS connections, welded and bolted joists, moment, shear, tension and compression connections, and more. Attendees can earn 1.0 PDHs upon completion of the webinar. Register here: https://bit.ly/3XvYHgK Attend for FREE with a Professional Membership! #steeltubeinstitute #webinar #DrJeffreyPacker

JOINT VENTURE TRA MARCEGAGLIA STEEL E MANNI GROUP Marcegaglia Steel e Manni Group hanno siglato un accordo per una joint venture nel settore dei #pannellicoibentati e dei pannelli per i portoni sezionali: nasce così una realtà industriale che sarà #protagonista nel #mercatoitaliano e #secondoproduttore di pannelli a livello #europeo con un portafoglio clienti esteso a più di 70 Paesi nel mondo. La joint venture avrà un fatturato aggregato di circa 500 milioni di euro e potrà contare su un totale di quasi 700 dipendenti. I siti produttivi coinvolti nell’operazione sono collocati in Italia, nello specifico in Piemonte a Pozzolo Formigaro (AL), in Veneto a Trevenzuolo (VR) e nel Lazio, a Patrica (FR); e all’estero, in Spagna, Romania, Polonia e in Messico, da cui viene servito il Nord America. Obiettivo: mettere a fattore comune competenze, piattaforme industriali e reti di contatti in modo da promuovere lo sviluppo dell'edilizia #offsite, dove i componenti vengono progettati e costruiti in fabbrica e poi portati in cantiere per l’assemblaggio finale, migliorando #efficienza, #qualitàcostruttiva, #sicurezza e #tutelaambiente. Grazie al potenziamento degli investimenti in R&S, infine, Marcegaglia Steel e Manni Group puntano a generare un impatto concreto, soprattutto in chiave di #innovazione e di #sostenibilità, per offrire sistemi costruttivi altamente tecnologici che garantiscano costi certi e minori sprechi, così da rispondere, e superare, i requisiti del #GreenDeal europeo.   Marcegaglia Buildtech Isopan

Hoberg & Driesch Stahlrohr GmbH now stocked with offshore construction pipes produced by Mannesmann Line Pipe GmbH!🏗️ What does this mean for you? Pipes are now available at short notice, even in small quantities. Plus, you can take advantage of additional services such as cutting short fixed lengths and other mechanical processing upon request. Key details: • Triple specification X52N acc. to API 5L PSL2 / S355J2H acc. to EN10210-1 / S355NLHHO acc. to EN10225-3 📏 • Including Norsok MDS Y28 certification • Application areas: J-Tubes, Boatlandings, Service Platforms, Subsea Structures, and other Structures for offshore construction 🌊 • Approximately 1,000 tons of MLP pipes available immediately Along with the MLP dimensions, H&D Stahlrohr now offers both smaller and larger pipe diameters, allowing customers to get everything they need from one place. ✅ #MannesmannLinePipe #HohbergUndDriesch #Offshore #OffshoreConstruction #SteelPipes #JTubes

🌱 To achieve the main goal of a climate-neutral energy transition, a clear energy supply scenario is emerging. Avoiding the emission of carbon dioxide CO2 into the atmosphere is to be achieved primarily through green electricity and energy carriers such as hydrogen. However, the transition away from fossil fuels such as natural gas, oil and coal towards a sustainable energy economy is a complex and lengthy process, as it affects not only industry but also sectors such as households and transportation. ℹ️ Find out more in the technical report (German): https://bit.ly/4blyncj #Tube #wireandTube Image: Adobe Stock/ Rawf8

👀Tube China 2024 Pipe & Fittings Exhibitor Lineup Revealed in Advance! 🌈FOREVER | Booth No: W1E24 ✨FOREVER manufacture H.F welded tube mill line, with special focus on cold roll forming. FOREVER produces tube mill line with speed up to 140m/min and precision of ±0.05mm. Auto size-adjustment is applied for directly forming to sq&rec tube mill. 📌official website: www.pipemill.cn 🌈CNZJJYGJ | Booth No: W1H16 ✨The materials are S31803, S32750, 2205, 904L, 347L, 316Ti, 316L, 304L, etc., Main products, such as elbows, tees, reducers, short pipes, pipe caps, flanges, etc. 📌official website: www.cnzjjygj.com  🌈XINHAOSTAINLESS | Booth No: W1G03 ✨Wenzhou Xinhao Stainless Steel, Wenzhou Hope Trade, produces steel pipes, pipe fittings, tubes. The main materials include 304, 304L, 316L, 317, 347H, 310S, 321 austenitic stainless steel; S31803, S32750; nickel based alloy Inconel625, Incoly 800; HAS and so on. 📌official website: www.hope-stainless.com 🌈SINOFORMMACHINERY | Booth No: W1F03 ✨Yangzhou Sinoform machinery Co., ltd. with a registered capital of 20 million yuan, production is about 200 million yuan. Company covers an area of 53,000 square meters, with 35,000 square meters of workshop and 4,500 square meters of office area. 📌official website: www.jszfjx.com 📅September 25-28, 2024 📍Shanghai New International Expo Centre ✅Reserve your space at Tube China 2024 >> https://lnkd.in/gQndQ9A9 ✅FREE visitor registration >> https://lnkd.in/gmGpn6q #TubeChina #tube #ShanghaiExpo #tradefair #exhibitor

#Aviation#Aerospace#airshow #FIA2024

*** Total LNG Liquefaction capacity by region, 2028 (mtpa) *** • Global LNG liquefaction capacity is expected to more than double by 2028 increasing from 473 mtpa in 2023 to 968 mtpa in 2028 • North America dominates in terms of liquefaction capacity growth, contributing 54% of the total capacity additions or 268 mtpa. The Middle East and the FSU follow with capacity additions of 78 mtpa and 71 mtpa, respectively • The US, Russia, and Canada dominate globally in terms of capex during the outlook period, with $159 billion, $73.5 billion, and $50.3 billion, respectively • Among companies, in terms of new build and expansion capex, Novatek is Venture Global Partners, and QatarEnergy are the leaders The chart below shows the global increase in Liquefaction capacity by region to 2028 #LNG #LNGliquefaction #LNGregasification

Interesting application for stainless steel tubes