ArcelorMittal selected by Technip to supply highly-resistant steel wires for the development of oil and gas offshore fields

ArcelorMittal's site located in Bourg-en-Bresse is currently developing a partnership to supply highly-resistant steel to be used in the manufacturing of flexible sheaths for Technip (Paris:TEC) (ADR:TKPPY), with the aim of strengthening its wire activities in the long term.

ArcelorMittal, the world's leading steel and mining company, and Technip, a world leader in engineering as well as offshore and onshore construction for the energy industry, have signed an important(1) five-year contract for the supply of high-performance steel wires. This is ArcelorMittal's most significant European contract for its wire activities.

ArcelorMittal's site in Bourg-en-Bresse, Rhônes-Alpes region, France, is part of its Distribution Solutions division and will fabricate highly-resistant, semi-manufactured rolled products to be used on flexible sheaths for the development of ever deeper oil and gas fields worldwide. The site supplies Technip's manufacturing plants located in France, Brazil and Malaysia.

This major contract strengthens ArcelorMittal's wire activities in Bourg-en-Bresse, which will see a significant increase in its production to support the buoyant high-potential offshore exploitation market. The site's wire activities benefited from a €6 million investment over the past three years and gradually reinforced its production teams and technical capabilities.

This agreement reinforces ArcelorMittal's position as a leading supplier for the design of high-end technological and innovative solutions for the buoyant offshore market. It also shows that the group and its French production sites can market ever better products to answer clients' requirements and challenges.

This commercial contract comes with a research and innovation contract. The agreement envisages the development of new wire solutions to meet Technip's needs, and will consolidate the Bourg-en-Bresse site's technological leadership.

Source: ArcelorMittal

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