Vallourec sees revenue increase with oil and gas rebound
Friday, February 22, 2019
Vallourec, a French company that operates a pipe and tube-manufacturing complex in Youngstown, saw increased earnings during 2018 due to a rebound in the oil and gas market, according to The Youngstown Business Journal.
The company reported revenues of $4.5 billion in 2018 versus $4.2 billion in 2017, an increase of about 4.6 percent.
According to Vallourec, the increase was generated because of an improved oil and gas market, especially in North America. Both oil and gas revenues and the rig count across the country increased in 2018 compared with the previous year.
Learn more: The Youngstown Business Journal > Vallourec Reports Strong Numbers on Oil and Gas Rebound
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