 During the last years, Vallourec announced two major investments, in 2010, they announced plans to build a new tubing factory in Youngstown, Ohio for a sum of $650 million, to support the long-term development of alternative gas production (shale gas) in the United States.In 2011, Vallourec & Sumitomo Tubos do Brasil (VSB) was founded through a joint venture between Vallourec (56%) and Sumitomo (44%) featuring a new plant which is located in Jeceaba, Brazil.On October 1, 2013, all of the company's divisions were rebranded under the name Vallourec.