Fallen oil prices force changes at Vallourec Star

YOUNGSTOWN

Vallourec Star will be making adjustments in its operations due to the declining oil prices.

The company, which produces steel pipes for the oil and gas industry on Martin Luther King Jr. Boulevard, issued the following statement: “In response to the declining oil and gas market, Vallourec Star is developing alternative operating plans and schedules. These plans include flexibility in scheduling production, overtime and contractors. We are also working with suppliers and customers to closely monitor activity.

“We’ve adapted successfully to similar downturns in the past. Preservation of our employees and maintaining a properly skilled workforce has always been and will continue to be a focal point in our strategy.”

According to the Vindicator files, the company employs about 700.