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10/19/2009
VAM Drilling,Boulogne-Billancourt, France, has agreed to acquire Dubai-based DPAL FZCO from the Soconord Group. Terms of the agreement aren't disclosed. DPAL FZCO's plant in Dubai's Jebel Ali Free Zone offers a large range of drill pipe and has a capacity of 25,000 joints/year. The acquisition bolsters VAM's presence in the Middle East, providing local manufacturing for its major international customers operating in the region as well as local state-owned operating and drilling companies. The Middle East is a growing market for premium drilling pipe products.VAM is a subsidiary of Vallourec, a world leader in the production of seamless steel tubes.FMC Technologies Inc.,Houston, has agreed...
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