Vallourec, a leading seamless pipe producer in the world, reported its sales and business income increased in the first half of the year, especially the growth rate of business income was greater than that of sales, and the production cost increased by only 7%.

It can be seen that after the successful implementation of the cost control plan, Vallourec's profitability has been greatly improved.

Vallourec expected its EBITDA to grow strongly throughout 2019 and to maintain good bank credit by the end of the year.