Sumitomo Expands Seamless Tubular Products Business In U.S.

November 2011, Vol. 238 No. 11

Sumitomo Corporation announced that it has acquired a 19.47% interest in V&M TWO LLC, a manufacturer of small-diameter seamless steel pipe based in Ohio, from Vallourec S.A. of Paris, France.

Sumitomo said development of unconventional energy resource in the U.S. is expected to increase over the medium- to long-term, creating demand for the small-diameter seamless OCTG used in shale plays. V&M2 will manufacture these pipes for the major shale plays such as Marcellus Shale in Pennsylvania, one of the biggest OCTG-consuming areas in the U.S.

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