PRESS RELEASES

January 2, 2007: Vallourec increases its stake in VALTIMET to 95% through the acquisition of TIMET's 43,7% interest

April 7, 2006: Acquisition of CST: Vallourec establishes a presence in India

February 2, 2005: Valtimet new project in China

May 27, 2004: Welded stainless steel and Titanium tubes: Vallourec announces the creation of a joint-venture in South Korea and increased production capacity in China

Estimated 2006 annual sales (consolidated) : 190 million Euros (Approx. 247 million USD)

VALTIMET also relies on an experienced worldwide sales network to serve your needs

Total sales volume from origin to date : Approximately 400,000 km of welded tubes
(Around 250,000 miles)

Annual production capacity is over 48,000 km (30,000 miles) with 29 welding lines .
In addition, we have access to POONGSAN VALINOX CORP. capacity, our joint-venture with POONGSAN CORP. created July 31st, 2004

Facilities on 3 continents : Diversity plus consistency

VALTIMET's high technology and regional manufacturing facilities work in harmony to offer our customers a localized, high quality variety of materials and products.
Our six state-of-the-art factories produce a diverse range of tubular products in titanium, stainless steels and copper alloys for all industrial applications. Each plant employs the same technology and quality control criteria. This consistency gives us the flexibility to meet demands regionally and to maximize capacity and efficiency. As the only specialty welded tubing manufacturer with plants on 3 continents, VALTIMET can provide the most efficient production and delivery program of any supplier.

VALTIMET SAS and POONGSAN CORPORATION (Korea) have agreed to form a sales consortium in order to serve in a more efficient manner the markets of power generation, desalination and process industries in Asia. POONGSAN, which is a world leading company in the field of fabricated copper and copper alloy products, has tube mills in Bupyung and Onsan (Korea) and has been manufacturing titanium tubing for 18 years. We have strenghten our collaboration by creating a joint-venture company in South Korea, equally owned by the two partners. POONGSAN VALINOX will manufacture in South Korea welded stainless steel and titanium tubes using technologies developed by Valtimet and designed mainly for the power generation and seawater desalination markets.