on VALLOUREC (EPA:VK)
Vallourec enters into a strategic partnership with ASMO
Vallourec, the world leader in seamless tubular solutions, announced the signing of a Memorandum of Understanding (MoU) with Advanced Supply Management Operations (ASMO). This partnership unites Vallourec with ASMO, a joint venture between DHL and Saudi Aramco Development Company. Based in Saudi Arabia, ASMO specializes in supply chain services and logistics for the energy, chemical and industrial sectors in the Middle East and North Africa.
ASMO, established in 2024, offers comprehensive supply chain services, using advanced technologies and digitalization. This partnership positions Vallourec as a key player in the Saudi Arabian oil industry, offering an opportunity to strengthen its presence in this strategic region. The signing ceremony was held in Dammam, in the presence of ASMO executives.
R. P.
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