Annual Book 2011

Global

Involving the entire earth, worldwide, all-encompassing, all-around, comprehensive, general, universal, mundane, total, unbounded, international, overall

Global

Foreword 4

Key figures 6

Company profile 10

Industry and Energy 14

Report on 2011 18

Results 2011 28

Milestones 34

Customers 42

Operations 52

Staff developments 58

Worldwide 64

International network 68

Personal particulars 70

Contents

3

‘ Global represents our international network of experts who connect our company with our markets, customers and suppliers.’

Foreword

4

Foreword

Peter Rietberg

Chairman of the Board

‘Global’ represents our international distribution

network, our cross-border approach, our growth

strategy. But particularly our international network

of experts who with their specialist knowledge

connect our company with our markets, customers

and suppliers.

Van Leeuwen started in Zwijndrecht, the Netherlands,

as a modest business trading in steel pipes and iron

in 1924. During the past 90 years, this has expanded

to become a company that is active in virtually all

industrial sectors. From 50 locations in 22 countries

on five continents.

Growth, autonomous and through acquisitions,

is and remains an important strategic priority.

In addition, Van Leeuwen continues to add to its

range of products and services both in depth and

width, in order to provide an optimal service to

our markets and customers.

Ultimately, our customers are what count. In every

corner of the world – from Canada to Belgium

and from France to Thailand – customers use our

products in a wide variety of applications.

They rely on a supplier that with its global logistic

network delivers products made to measure, on

time, and all according to their wishes.

5

Key figures

6

(amounts x 1,000 euro where applicable) 11 10 09 08 07 06Net sales 611,343 476,669 456,828 789,192 748,041 619,303

Operating result 13,100 8,738 9,129 45,052 64,830 53,791

Result from ordinary activities before tax 13,374 8,487 8,705 43,212 62,478 52,476

Cash flow (net result plus depreciation) 16,583 11,376 5,464 38,629 52,792 43,393

Net result 12,617 7,780 1,904 35,241 49,722 40,252

Group equity 160,252 157,052 146,433 160,509 156,468 130,755

Number of employees at end of year 1,197 1,030 1,005 1,129 1,076 1,017

Group equity as % of total assets 42.4 50.3 50.0 48.0 45.9 42.0

Net result as % of average Group equity 8.0 5.1 1.2 22.2 34.6 31.9

Breakdown of sales in %

The Netherlands 21.0 24.5 25.0 26.5 26.4 26.8

Rest of Europe 39.5 43.9 36.1 33.1 33.6 34.8

Outside Europe 39.5 31.6 38.9 40.4 40.0 38.4

Key figures 7

“ Service and quality are the most important requirements our suppliers have to meet.”

Roel WolffWintershall Noordzeethe Netherlands

‘ The combination of global logistics and knowledge of products and customer applications makes Van Leeuwen a leading company in its markets.’

Company profile

10

The Van Leeuwen Pipe and Tube Group is a

globally operating trading company specialized

in steel pipes, and pipe and tube applications.

As a logistic specialist, we have a cast-iron

network of stock locations. Our employees

have specialist knowledge of sourcing, project

management, logistics and stock planning and

work closely together with our customers on

projects in various segments in the Industry

and Energy markets.

The logistics network ensures that materials

are available anywhere in the world, customized

wherever needed. The combination of global

logistics and knowledge of products and

customer applications makes Van Leeuwen

a leading company in its markets. Long-term

continuity will always have priority over short-

term profit.

Started in 1924When Piet Van Leeuwen started trading in steel pipes

and iron in 1924 in Zwijndrecht, the Netherlands, he

would not have expected that almost ninety years

hence, his company had grown into the globally

operating trading company Van Leeuwen is today.

Thanks to his entrepreneurial pioneership, he expanded

his company into a highly successful organization.

The first foreign branch was founded in 1947 in

Vilvoorde, Belgium, after which the European network

expanded. In the 1970s and 1980s, global expansion

followed with branches in North America, Asia and

Australia. In the present century, organic growth and

strategic acquisitions have led to new branches and

expansions in the Middle East, China and Central

Europe. This network allows Van Leeuwen to provide

customers around the world with the right pipes,

tubes and components at exactly the right moment.

Van Leeuwen todayThe initial wholesale function has developed into

a more service-oriented business, directed at specific

markets and business segments and focusing on

major projects with partnerships and customized

service. Van Leeuwen’s strategy is aimed at the

expansion and reinforcement of leading market

positions. We achieve this through organic growth

and acquisitions, as well as through continually

strengthening, deepening, and broadening our

product portfolio, service concepts, and international

organization. We are driven by what markets and

customers require from us, now and in the future.

Company profile 11

‘Intensive cooperation with the customer is the basis for mutual growth.’

MarketsAs a trading company with international operations,

we supply our pipes, components and services

to organizations in Industry and Energy. We have

knowledge of the application of our products in

many sectors, including the agricultural, construction,

infrastructure, chemical, energy, mechanical

engineering, petrochemical, automotive, and food &

beverage industries. Thanks to this affinity with the

market, Van Leeuwen has knowledge of the critical

success factors for our customers’ businesses. We know

exactly which role our products and services play and

which position they occupy in different applications.

Within Industry, we distinguish three – market-

driven – business segments: Fluid Power, Equipment

Manufacturing, and Steel Constructions. Fluid Power

is primarily focused on cylinder manufacturers, an

important customer group in Europe. Within the

sector Equipment Manufacturing, in which we have

a growing position, we combine specific logistic

services with specialist treatments for manufacturers

of construction machinery. In addition, we serve

customers in the transport sector, automotive, and

machine & crane building – generally multinationals

with production locations in a number of countries.

The Steel Constructions segment ranges from steel

construction and metal treatments to shipbuilding.

Especially in Europe, we are involved in a lot of

business concerning steel constructions, such as

greenhouses, ships, bridges, stadiums and windmills,

as well as furniture, fencing and traffic gates. We offer

local stocks, project management and treatments,

such as the bending and cutting of materials.

Considering the specific demands within Energy,

Van Leeuwen has divided its activities into three

business segments: Process, Power, and Offshore/

Oil and Gas. In the Process segment, we supply to

complex projects such as petrochemical plants.

We combine our global network with expertise and

project skills to create a strong service concept.

Our market position in the Power segment continues

to grow, particularly in the Middle East and Asia.

The demand for energy around the world keeps

growing. The power plants we serve keep growing

as well. Within the Offshore/Oil and Gas sector, we

are an important supplier of pipe and tube materials

to production and processing platforms, especially

in South-East Asia and Australia.

ServiceAs a customer-oriented service provider, we aim for

long-term relationships with our customers. We help

them develop their businesses, also into new markets

with new products and services. Intensive cooperation

with the customer, in combination with specific

knowledge of his market and products, forms the

basis for mutual growth. Our international network,

in combination with the service and experience of

local specialists who speak the language of their

customers, has turned Van Leeuwen into a strong

partner and specialist with cross-border knowledge

and experience. In addition, we rely on our extensive,

international network of suppliers.

Quality assurance is a priorityIn order to guarantee high-quality products and

services, Van Leeuwen operates according to ISO

12

9001:2008. The main objective of these standards

is to improve company processes and raise customer

satisfaction. In addition, a healthy and safe working

environment is of great importance. That is why

our policy includes investments in modern, safe and

ecologically sound facilities. We operate according to a

safety policy, Occupational Health and Safety Advisory

Services, OHSAS, and focus on sustainability.

Enthusiastic employees Thanks to their dedication, drive and quality-

consciousness, the employees of Van Leeuwen

contribute to the success of our customers.

They combine experience and expertise with

enthusiasm and creativity. Character traits

that benefit our customers.

Customer orientation is a basic prerequisite

for working with Van Leeuwen. Core qualities

in employees are commitment and innovative

entrepreneurship. That is why we ensure an attractive

working environment in which each individual is

able to use his or her talents in an optimum way.

We structurally invest in education. Our employees

understand the technical and technological

developments and trends. That is why they are able

to cooperate with our customers on the basis of

vision and drive. It is a combination that enables

Van Leeuwen to continue to provide added value.

The Van Leeuwen identityVan Leeuwen is proud of its products and services,

of its history and entrepreneurial spirit that has

moved the company forward since 1924.

Our company attaches great value to continuity;

we look to the long term. In doing so, we constantly

focus on our customers and their ambitions; we are

customer-oriented. The strength of our worldwide

logistic network ensures that we can efficiently

deliver our products and services and share and

expand our knowledge and experience. As such, we

develop innovative entrepreneurship. With one brand

name for our company, we want to communicate

that we are a strong, global company in the Industry

and Energy markets. Our international distribution

network with expert people and specialist knowledge

connects us worldwide with our markets, customers

and suppliers.

Company profile 13

Industry and Energy

INDUSTRYIndustry includes the segments Fluid Power,

Equipment Manufacturing and Steel Constructions.

Fluid PowerCylinder manufacturers in particular constitute

an important customer group in the Fluid Power

segment. Van Leeuwen supplies materials such as

cylindrical and chromium-plated tubes and bars

for hydraulic applications, such as lifting arms on

ships and cylinders for construction and agricultural

machines. Technological knowledge and knowledge

of applications are of key importance for the Fluid

Power segment. We have developed a strong position

in this segment in Western Europe and are growing

in Central Europe.

Fluid Power

Steel Constructions

Equipment Manufacturing

Equipment ManufacturingIn the Equipment Manufacturing segment, we

supply a wide range of pipe and tube products

to manufacturers of various construction and

agricultural machines, and to players in the

transportation, automotive, machine and crane

building sectors. Aside from pipe and tube products

and semi-finished goods, we offer logistics services,

including customer-dedicated stocks and mechanical

treatments, such as laser and plasma cutting. Many

companies in this segment are multinationals with

production sites in multiple countries. With our

extensive European network, we are optimally

positioned to anticipate developments in this area.

Steel ConstructionsMany steel constructions, such as greenhouses, ships,

bridges, stadiums and windmills, as well as furniture,

fencing and traffic gates use various pipe and tube

materials. Van Leeuwen has a strong position in this

segment as well, particularly in Western Europe and

is experiencing growth in Central Europe. We serve

customers with local stocks, project management

and treatments, such as the bending and cutting

of materials.

14

ENERGYEnergy includes the Process, Power and Offshore/Oil

and Gas segments.

ProcessPetrochemical plants and refineries make use of steel

pipe materials on a grand scale. Carbon and stainless

steel pipes, valves, fittings and flanges are of essential

importance for the supply, processing and discharge

of oil, liquid chemicals and gas. Over the last few

decades Van Leeuwen has evolved into an expert

supplier of these certified products for the worldwide

process control industry. Nowadays Van Leeuwen is

closely involved in the new construction as well as

the maintenance of these plants.

Industry and Energy

Process

Power

Offshore/Oil and Gas

PowerFrom coal-fired plants to solar energy. The demand for

clean energy has for years resulted in investments in

the replacement and expansion of power plants. Van

Leeuwen has built up a strong reputation in the Power

segment, particularly in developing Asian countries

where technically high quality power plants are being

built. By bundling technical and logistics expertise with

our solid relationships with leading manufacturers of

carbon steel and alloyed pipe and tube materials, Van

Leeuwen has evolved into a reliable partner for highly

demanding, complex projects.

Offshore/Oil and GasIn the continuous search for new energy reserves,

oil and gas are being extracted from beneath the

bottom of the oceans at an ever greater scale.

To exploit these energy sources, fixed, as well as

floating production platforms are being developed

and constructed. Due to the sometimes extreme

circumstances under which these platforms are

being used, knowledge concerning the application

areas of different types of steel is essential. Van

Leeuwen provides customers, from Brazil to Dubai

to Singapore, with technical advice and high quality

materials, such as duplex and super duplex steel.

15

“ The main quality we are looking for in terms of suppliers is reliability.”

Adam BosMARBETPoland

’

‘ Our market positioning is strong, the market provides sufficient opportunities and the company is financially strong. This is a powerful combination.’

Report on 2011

18

The Van Leeuwen Pipe and Tube Group

achieved a significant improvement in its

result and a growth in sales in 2011. Globally,

we expanded our specialisms, products and

network. We were able to respond to

increasing demand in virtually all markets.

More volume was sold to existing customers,

and we also gained market share. We acquired

new specialisms and extended our product

range by means of strategic acquisitions.

The net result came out at € 12.6 million,

an improvement of € 4.8 million compared

with the previous year. Net sales increased by

28% to € 611 million and the tonnage sold

increased by 14% worldwide. The operating

result improved by 50% and amounted to

€ 13.1 million. Solvency remained strong at 42.4%.

Market conditionsGlobal market demand in the first half of 2011 was

good. The economic recovery continued in almost

all countries in which Van Leeuwen operates. The

growing markets for capital assets in China, India

and Brazil were largely responsible for this recovery in

demand. The European economy also benefited from

this, with a largely export-driven increase in demand.

Based on our extended product range and our

further strengthened and expanded service network,

we were able to attract new customers.

After the summer, market conditions deteriorated

globally. The key cause of this was the international

credit crisis, which created considerable market

uncertainty. This affected the level of investments

and market demand. The declining demand became

especially evident in the fourth quarter. This increased

pessimism caused producers of capital assets to adjust

sales forecasts downwards. Especially in Europe,

market conditions were less favorable at the end of

2011 than they were at the beginning of the year.

Steel prices were reasonably stable in 2011,

particularly due to the development in demand.

The market for seamless pipes retained a stable

price level throughout the year. The price level of

welded products saw a declining trend, particularly

during the second half of 2011, due to the market’s

overcapacity in recent years.

Report on 2011 19

Strategy and acquisitionsThe expansion of specialisms is a strategic priority

for Van Leeuwen. By acquiring Teuling Staal and

Jean Wauters Aciers Spéciaux, we took important

steps in that respect. Both companies specialize

in products that were practically non-existent in

Van Leeuwen’s product portfolio. Our product

range was thus significantly broadened with these

acquisitions and we can now offer these products

to our existing customers on a global scale.

Furthermore, our existing international network of

branches was strengthened and extended worldwide,

enabling us to operate in closer proximity to the

customer. Through the acquisition of specialist

distributors and geographical expansion, we aim

to continue this strategy in the coming years.

Teuling Staal

In August 2011, Van Leeuwen acquired Teuling Staal,

a company based in the Netherlands and a leading

supplier of duplex and super duplex stainless steel

pipes. The company has a great deal of knowledge

about sourcing the materials, the products, and the

application of these high-quality grades. Through

its excellent and often long-term relationships with

factories, the company is able to find solutions in

many different areas. Teuling Staal mainly supplies

piping materials for the construction of offshore

platforms and plants within the oil and gas markets.

The acquisition enables Van Leeuwen to offer a

broader range of products and services to existing

customers. Furthermore, the combination of

duplex and carbon steel is attractive to the offshore

construction market.

Teuling Staal’s specialism will continue to exist

independently. At the same time the organization

will be integrated into the rest of the Group as a

knowledge center. A separate warehouse for white

metals will be set up at the Zwijndrecht site where

materials can be stored in a conditioned environment.

The aim is to increase and deepen the product

assortment in this market segment, thus enabling

further growth within this product group.

Jean Wauters and IPM

In December 2011, Van Leeuwen acquired the

Belgian firm Jean Wauters Aciers Spéciaux and its

French affiliate IPM. This company is a market leader

in the area of special steel. The very wide and deep

product range, mainly comprising bar steel, the rapid

service and custom cutting options characterize this

company and create a very strong market position.

Bar steel is a new product group for Van Leeuwen.

Together with our wide range of heavy wall and

cylinder pipes, we can now offer a comprehensive

package for the metallurgical and mechanical

engineering industries. Our focus in this regard is on

customers in Western and Central Europe and we

combine Jean Wauters and IPM’s 24-hour delivery

service with our experience in the area of logistics

concepts. The aim is to make the inventory of special

steel products accessible to the customer at multiple

locations within Europe.

Market developmentsVan Leeuwen is focused on the Industry and Energy

markets. In Europe, we operate in both of these market

segments. Outside Europe, we focus primarily on the

Energy segment. In the Industry segment, we attracted

more customers because of our strong network and

our customized deliveries. In the Energy segment we

once again achieved success with our range of integral

project management and logistics services.

Industry

In the Industry segment, we achieved a significant

increase in volume over the past year. In 2011, a

growing number of customers made use of our

special concepts for stock management, value

added services and logistics management. We are

increasingly taking over managing the stocks for

our customers, enabling them to focus on actual

production. The mechanical engineering and

automotive markets showed a significant increase

in volume. The building and construction market

showed a less favorable trend. In Europe, demand

for infrastructural works was good, but noticeably

less for non-residential and residential buildings.

In 2011, we invested in the expansion of our

branches in the Czech Republic, Slovakia and Poland.

By expanding our network, we can offer customized

services to smaller, local customers, as well as larger

international companies.

Energy

In 2011, there was also growth in the Energy

segment. Investments in the energy market

increased in 2011, and major projects were initiated.

The continuous worldwide demand for energy

resulted in major investments in a number of areas,

such as LNG (Liquefied Natural Gas) and GTL

(Gas to Liquids) projects. Furthermore, customers

invested in refineries and chemical factories.

The offshore and subsea markets significantly grew

in 2011 due to the rising demand for oil and the

associated search for new fields.

20

The expansion and reinforcement of our product

range for the Offshore/Oil and Gas market segments

in the past year has provided us with a good base

from which to continue to grow in this market. We

are focusing on the key markets in Europe and Asia.

Our network in these regions enables us to position

our products and services close to our customers.

Our branch in Aberdeen, Scotland, is primarily

focused on the Offshore/Oil and Gas segment.

We will further expand our range of products and

services in 2012 in order to respond to the rapid

technological developments in this market. The new

European team for offshore structurals is primarily

focused on the offshore construction market, such

as the construction of platforms using X52 or higher

grade carbon steel products. A commercial team,

specifically focused on the power generation market

and customers who build power plant installations,

was started up in Germany at the end of 2011.

This team, with its extensive experience, offers this

market a range of products including alloy pipes

for high temperature applications.

In 2011, we decided that a small sales office in Russia

would be important to ensure a presence closer to

existing customers and to immerse ourselves in the

opportunities this country has to offer. The office in

Moscow will work closely with the project office in

Le Havre, France, and will be able to better support

our project activities in the Energy segment. At the

same time, this office enables us to better support a

large number of export customers in the Equipment

Manufacturing and Fluid Power sub-segments, from

our branch in Deventer, the Netherlands.

Developments outside EuropeOur branches in Canada, Asia and Australia made

a significant contribution to the operating result in

2011, and all showed an improvement in comparison

to the previous year. Although market conditions and

the number of petrochemical projects were not much

better than in 2010, our branches were nevertheless

able to grow their revenue and sales.

Canada

Western Canada is undergoing significant

developments in the oil sands market. Various oil

companies are making large investments to facilitate

the extraction of high volumes of oil from this

region. Our branch in Edmonton in the province of

Alberta is playing a key role in the delivery of pipes

for these projects. Deliveries for the Surmont Project

commenced this past year. This involves the supply of

a total of 24,000 tons of seamless and welded pipes

for the construction of a plant for the extraction of

oil from the oil sands in Fort McMurray, Alberta. In

the adjacent province of Saskatchewan, we already

opened a sales branch in Regina, to enable us to

service the oil sands projects being developed there

over the coming years.

Asia

In 2011, our regional office with a centralized

warehouse in Singapore reinforced its market

position despite the fact that there were no really

large projects in South-East Asia. Our extensive office

network in Asia and the strengthened cooperation

with our office in Australia resulted in several good

projects with deliveries in other parts of the world.

We are further expanding our existing market

‘ With the addition of bar steel to our product range we offer an even broader package.’

Report on 2011 21

position as a supplier to the petrochemical industry

(downstream) and from our regional office in Asia

are increasingly focusing on the Offshore/Oil and

Gas segment (upstream). The product range in this

region is extensive and there is further cooperation

with Teuling Staal in the area of duplex and super

duplex. Our branches in Indonesia, Malaysia and

Thailand made a positive contribution in 2011. We

also played a positive role in the Chinese market, in

part due to the fact that our joint venture was able

to acquire a number of projects. In order to have

sufficient storage capacity in this region in the future,

plans have been developed to open a stock location

in Malaysia. The sales office in Ho Chi Minh, Vietnam,

managed to score its first successes in 2011, and

prospects are good for 2012.

Australia

Although a number of competitors disappeared

from the Australian market in 2011 and the market

consolidated, market conditions remain difficult.

The increased demand for raw materials (coal,

iron ore, gas, etc.) is not translating into a growth

of the overall economy in Australia. Nevertheless,

Van Leeuwen with its stock sites in Sydney, Melbourne,

Adelaide, Perth and Brisbane managed to maintain

a solid position and to achieve growth once again

in terms of turnover. Besides the opening of a new

office in Townsville, Queensland, at the end of 2011

we started to form a national project team that in

cooperation with our office in Singapore will focus

on a number of large LNG projects in 2012.

Middle East

In the Middle East, where Van Leeuwen has branches

in Dubai, Abu Dhabi and Saudi Arabia, we continued

to experience difficulty in 2011 in bringing our local

stock sales up to a reasonable level. This part of the

world is also experiencing less growth in comparison

to four or five years ago. Furthermore, the number

of market players in this region is high. The larger

projects are generally decided outside the region

and booked by other Van Leeuwen branches. In

2011, via our project office in Houston, Van Leeuwen

acquired a large project (SAMREF, Saudi Aramco

Mobil Refinery Company) via an engineering firm in

California with Saudi Arabia as the final destination.

Van Leeuwen supplies all carbon and stainless steel

pipe materials to this oil refinery.

Other developments

Identity

Last year we paid much attention to translating

our strategy and ambitions into Van Leeuwen’s

corporate identity. This has resulted in the creation

of a new logo with a more modern, dynamic

appearance, among other things. With a single logo

for our entire international company, we want to

present ourselves as a strong, global brand in the

Industry and Energy segments.

Suppliers

As a trading organization, we cooperate intensively

with our customers and suppliers. We value delivery

22

reliability and appropriate quality. This applies to both

the purchase of materials for our stocks and

to project-related purchases and direct deliveries.

We have been doing business with many suppliers

for decades, resulting in a high degree of knowledge

of each other’s processes. Over the coming years,

we want to work on the further integration of the

purchasing and logistics process with our suppliers.

In this respect we focus on suppliers who are

capable of further investment in such integration.

We can thus strengthen our business process on

the purchasing side and offer our customers more

in-depth tailor-made services.

We develop new commercial and logistic concepts,

allowing us to continually respond to the latest

market requirements. Such innovative concepts

often come about by working closely together with

our customers. Research is also continually being

carried out in partnership with our suppliers on the

application of new types and grades of materials.

IT

The ERP Europe program was initiated in 2011, which

involves the implementation of SAP/R3 in Western

European countries over the period 2011-2013.

In addition, the majority of the countries outside

Western Europe has migrated to the same standard

software package, Business One. Investments were

made in IT infrastructure and in the standardization

and centralized support of the main IT/ERP applications.

These initiatives create the foundation for sharing

knowledge and expertise, as well as the more intensive

cooperation among Van Leeuwen branches globally.

These are also key steps in improving overall efficiency

Head office

On 12 September 2011, Her Royal Highness Princess

Máxima of the Netherlands officially opened the new

head office of the Van Leeuwen Pipe and Tube Group

in Zwijndrecht, the Netherlands. Many international

customers and suppliers were present on this occasion.

In the construction of our modern office building, a

great deal of attention was devoted to sustainability.

By using photovoltaic solar cells and thermal energy

storage systems, the building is able to supply a large

portion of its own energy needs. The new office

accommodates employees who make an important

contribution to supporting the Group’s global

activities, such as the IT Department, Finance and

Treasury operations and Corporate Communications.

EmployeesOur 1,200 employees form the core of our

company. We invest in highly qualified employees

and thus have access to a wealth of knowledge

and experience in the areas of markets, suppliers,

products and qualities, purchasing and sourcing,

stock management, logistics handling and project

management. This enables us to provide our

customers with appropriate solutions. Qualified and

motivated employees are of vital importance for the

continuity of our company. Many of our employees

are long-term employees, an important factor in

ensuring continuity. At the same time, we devote

attention to acquiring new knowledge and insights

with recent graduates such as international trainees.

An important reason for the company’s growth is

the international management presence throughout

the world. This is made up of high quality staff

with many years of experience in the business. In a

number of branches, there were changes at the top

management level due to internal promotions. We

were generally able to use existing talent within our

organization to staff the relevant vacancies, but we

also attracted new talent.

Financial stabilityThe Van Leeuwen Pipe and Tube Group’s

consolidated sales were € 611 million, an increase

of 28% compared to the previous financial year.

The margin improved by € 16.9 million to € 110.7

million. A large share of the € 12.5 million increase in

costs was due to the higher personnel costs resulting

from an increase in the number of personnel

(70 additional FTEs in 2011), the indexation of

salaries, increased profit sharing due to the improved

financial results achieved in 2011, variable selling

and other costs related to the company’s higher

level of activity, as well as the costs related to growth

initiatives. The operating result was € 13.1 million

in 2011, an improvement of about € 4.3 million

over the previous year. The result from participating

interests increased by more than € 1.5 million.

There was a substantial rise in the net result to

€ 12.6 million (2010: € 7.8 million).

Three acquisitions were completed in 2011.

Of these acquisitions, only a portion of the positive

results of Teuling Staal (five months) was included in

the 2011 figures. Wauters and IPM became part of

the Van Leeuwen Pipe and Tube Group at the end

of December 2011 and their figures are only included

in the consolidated year-end balance sheet.

In 2011, the operating working capital rose by

€ 93.5 million to € 224 million due to the increased

revenue and business growth, as well as a result of

the acquisitions. The Group’s cash position and its

bank facilities are more than enough to meet the

financing requirements. Group equity rose from

€157 million to €160 million, while solvency

remained high at 42%.

Report on 2011 23

During the year, a great deal of attention was

devoted to managing growth plans and carefully

assessing potential acquisitions. Besides conducting

various due diligence reviews, this also included the

planning of integration activities for the successfully

completed acquisitions.

There have been no ‘subsequent events’ that would

impact the 2011 Van Leeuwen Pipe and Tube Group

Annual Accounts materially.

Quality, Safety and SustainabilityQuality has priority in the services we provide to our

customers. As a consequence, we devote a great deal

of attention and time to the continuous improvement

of our work processes globally, in which the quality

of our product range and safe and healthy working

conditions are a priority. Sustainability plays a key

role in the design of our processes.

We set high quality standards for ourselves that

are translated in terms of annual objectives to be

achieved in this field. We monitor progress in this

area on the basis of Key Performance Indicators.

Internal audits are regularly conducted for the

purpose of verifying implemented actions. Nearly

all of our branches are certified on the basis of the

ISO 9001 Quality Management System. Our aim is

to certify new branches within our Group within a

period of three years. We are currently working

hard on obtaining a Group Certificate, which will

cover all Van Leeuwen branches. The aim is for

this to be completed in 2012.

Besides ISO 9001, work was initiated on the OHSAS

(Occupational Health and Safety Advisory Services)

certification of our organization. In this certification,

particular attention is placed on safety and managing

occupational health & safety. Our largest branch

in Zwijndrecht, the Netherlands, was awarded this

certification in 2010. We are now working hard on

rolling out OHSAS to other branches. This proactive

approach to the field of safety is bearing fruit. The

number of accidents resulting in absence fell for the

seventh consecutive year. None of the accidents were

serious in nature. Reporting near-accidents and the

preventive actions we have taken made an important

contribution to this positive result.

Corporate Social Responsibility (CSR) is a process,

not a final destination. The targets being pursued

are changing over time and with each business

decision. The implementation of the international

CSR guideline, the ISO 260000, supports our pro-

active policy with regard to an energy-conscious and

sustainable approach to work. We are developing

initiatives to further reduce energy consumption and

minimize waste streams. We are investing in facilities

in a modern, safe, and energy-aware fashion.

Significant improvements have been made in such

areas as the reduction of CO2 emissions, decreasing

energy consumption and recycling packaging

materials. The replacement of lighting in our branches

in the Netherlands will lead to a 50% reduction in

power consumption in our office buildings by 2012.

Furthermore, we have reduced the purchase of new

cardboard by 25% by reusing packaging materials.

The social commitment of our organization is also

expressed in the support for numerous regional and

local initiatives, and activities in the areas of culture,

sport, philanthropy and education.

Our Code of Conduct clearly sets out our principles

relating to the attitude and behavior of our employees,

internally as well as externally. This information is

provided and explained to each employee on joining

the company. This information is also available to our

external business relations, for example, via the Van

Leeuwen Pipe and Tube Group’s website. Last year,

no code of conduct incidents were reported to the

independent representative for Van Leeuwen.

OutlookAt the end of 2011 it became clear that markets

throughout the world were being adversely affected

by the uncertainties in the financial markets. These

uncertainties were still present at the start of 2012.

24

operation and organization. The existing programs

and actions initiated during the past year will

continue to be implemented in 2012.

Due to market developments, we expect further

consolidation in the various markets in which Van

Leeuwen is active. In this consolidating market, we

will continue to look for companies that fit into our

strategy of expanding specialisms. We will continue

to apply the acquisition objectives and the associated

selection criteria that we have carefully formulated

over the past few years. In this regard, we are looking

for companies that can add something new to our

global knowledge network on the basis of their

specialisms, as well as companies which can enlarge

our geographical footprint.

Our outlook for 2012 is somewhat influenced by the

current uncertain market conditions. However, Van

Leeuwen has a strong starting position from which

to further expand and strengthen the company in

2012. Van Leeuwen has a strong market positioning,

the market provides sufficient opportunities and

the company is financially strong. This is a powerful

combination. Furthermore, Van Leeuwen has over

1,200 motivated and talented employees worldwide,

devoted to offering customers optimal products and

services each and every day. These employees shape

our company. A company with an innovative and

pragmatic approach, ready to seize every opportunity.

Zwijndrecht, the Netherlands, 29 March 2012

Board of Directors

P.L. Rietberg (Chairman)

J.M. Sassen

National as well as supranational government

agencies do not yet appear able to guarantee

sufficient certainty and stability. While the global

markets appear to have sufficient growth potential,

it would appear that many markets are, or will be,

faced with signs of a recession. This means that

uncertainty continues to exist.

Our suppliers are investing a great deal in additional

capacity through the construction of new product

lines, especially for seamless pipes. If the rising

demand for these types of pipes worldwide does

not continue at a high pace, there will be a risk of

long-term overcapacity, which would affect pricing.

By contrast, there is still a rising trend in the price

of iron ore and scrap metal, as a result of which

no major decline in prices is to be expected, at

least in the short term. Whether this picture will be

maintained over the long term as well is uncertain.

Despite these moderate market conditions, we

perceive sufficient opportunities for growth in selected

markets. Due to the high price of oil, investment in

the exploration and development of oil and energy

fields is continuing. The high prices and rising

demand for energy are resulting in investment in new,

unconventional fields. Van Leeuwen is well positioned

for these new markets in the Energy segment and can

play an important role in this respect. Furthermore,

the growth in investments in capital assets in new

markets is also persisting, as a result of which we

see opportunities that will enable us to maintain or

increase our sales in the Industry segment too.

The Group will also continue to invest in growing

the company in 2012. These investments will

initially focus on expanding the product range and

reinforcing the logistics network. Further investments

will also be made in IT systems to support the

optimization of the logistics systems and stock

management. We thus expect to be able to continue

to meet the high demands placed on us by the

market. Furthermore, we will continue to devote

attention to maintaining and improving an efficient

25Report on 2011

“ We are committed to maintaining our leading position, which is why we do business with Van Leeuwen.”

John GabelMatrix Wear Technologies Canada

Results 2011Taken from the financial statements of the Van Leeuwen Pipe and Tube Group

28

Results 2011

2011 2010

Net sales 611,343 476,669

Cost of sales 500,639 382,856

Gross margin on sales 110,704 93,813

Personnel expenses 62,554 55,849

Depreciation 3,966 3,596

Other expenses 31,084 25,630

Total expenses 97,604 85,075

Operating result 13,100 8,738

Other income (gain on disposal of fixed assets) 1,190 -

Interest income 581 761

Interest charges (1,497) (1,012)

Net financial income and expenses (916) (251)

Result from ordinary activities before tax 13,374 8,487

Tax on result from ordinary activities (2,942) (1,399)

Result after taxes 10,432 7,088

Result from participating interests 2,185 692

Net result 12,617 7,780

Consolidated profit and loss account(amounts x 1,000 euro)

• Volumegrowthinexistingmarketscontributedsignificantlytotheincreaseinsales.

• Thepositivedevelopmentinbusinessactivitiesledtomorestaffandhighervariablecosts.

• Thenetresultimprovedby62%comparedto2010.

• JeanWauterswasacquiredatend-2011anddidnotimpacttheprofitandlossaccount.

29

Consolidated balance sheet(before appropriation of profit, amounts x 1,000 euro)

Assets 31 December 2011 31 December 2010

Fixed assets

Intangible fixed assets 1,269 1,504

Tangible fixed assets

Land and buildings 21,650 20,671

Plant and machinery 4,007 3,412

Other fixed assets 6,654 3,066

32,311 27,149

Financial fixed assets

Participating interests 10,594 8,688

Total fixed assets 44,174 37,341

Current assets

Inventories 163,416 111,179

Receivables

Trade accounts receivable 135,520 82,578

Taxes 7,971 5,251

Other receivables 2,810 2,849

Prepayments and accrued income 4,713 3,411

151,014 94,089

Cash at bank 19,184 69,723

Total current assets 333,614 274,991

Total assets 377,788 312,332

30

Results 2011

Liabilities 31 December 2011 31 December 2010

Group equity 160,252 157,052

Provisions

Pensions 8,676 9,304

Taxes 8,689 8,441

Other 13,207 10,666

Total provisions 30,572 28,411

Long term liabilities

Debts to credit institutions 1,814 1,335

Third parties 1,868 -

3,682 1,335

Current liabilities

Debts to credit institutions 72,375 35,199

Trade accounts payable and trade credits 74,614 62,969

Taxes and social security 15,890 10,453

Pensions 34 27

Other liabilities 4,482 3,715

Accrued liabilities 15,887 13,171

Total current liabilities 183,282 125,534

Total Group Equity and Liabilities 377,788 312,332

• Workingcapital,excludingacquisitions,stayedinlinewiththedevelopmentinsales.

• Thenetborrowingpositionatend-2011reflectstheincreasedworkingcapitalandtheeffectofacquisitions.

• Solvencyremainedsolidat42%.

31

“ I highly recommend Jean Wauters and Van Leeuwen to fellow machine builders.”

Wim Matthys Matthys GroupBelgium

Van Leeuwen signs a contract for the SAMREF (Saudi Aramco

Mobil Refinery Company) project in Saudi Arabia. For this oil refinery,

Van Leeuwen supplies all carbon and stainless steel pipe materials.

18 February

10 MayTwenty Van Leeuwen colleagues keep

the Wheel of Energy going for three

hours. Over ten thousand runners have

kept the Wheel of Energy going for a

whole year and collected half a million

Euros for a better life for cancer patients.25 FebruaryThe characteristic statue ‘Wereld

aan Buizen’ (‘World of Pipes’)

by artist Bert de Laaf, is moved

to a new location near the new

head office.

21 MayVan Leeuwen Wheeler wins the

second international Van Leeuwen

soccer tournament.

Milestones

34

Van Leeuwen acquires Teuling Staal in Barendrecht, the Netherlands,

a specialist in the area of (super) duplex stainless steel materials.

15 August

Move and expansion of the

warehouse in Tullow, Ireland.

18 July

As part of a sponsoring project

of the Rotterdam Zoo in the

Netherlands, Van Leeuwen

adopts the Asian lion Kumar.

1 July

8 June Van Leeuwen Singapore

wins a large order for

seamless carbon steel pipes

and tubes for the Barzan

Onshore Project.

Milestones 35

12 September 2011 Her Royal Highness Princess Máxima of the Netherlands officially opens the new head office of the Van Leeuwen Pipe and Tube Group.

Princess Máxima opens Van Leeuwen’s

head office by revealing the new logo.

36

Nelly Rietberg-Van Leeuwen, Clarien Rietberg,

Peter Rietberg, and Princess Máxima.

Explanation on various

applications of tubes.

Tour around the warehouse

of the Zwijndrecht branch.

Customers and relations

from the Netherlands

and abroad were invited.

Milestones 37

24 OctoberThe Van Leeuwen branch in Vilvoorde, Belgium, occupies

the new 2400 square meters warehouse.

30 SeptemberStart of the Surmont II project in Canada. Total delivery: 24,000 ton of seamless and

welded pipes, for the construction of a plant for the extraction of oil from the ‘oil sands’.

38

15 DecemberVan Leeuwen acquires Jean Wauters and its affiliate IPM, leading suppliers

of special steel in Belgium and France.

29 November

Teuling Staal and Van Leeuwen

Stainless present themselves

in a single exhibition stand at

the Stainless Steel World, in

Maastricht, the Netherlands.

16-18 NovemberDuring the annual

management days, fifty

Van Leeuwen managers

elaborate on the strategy

for the company’s future.

1 DecemberLloyd’s Register Quality Assurance successfully completes the Group

ISO 9001 certification in Dubai, Abu Dhabi and Saudi Arabia.

Milestones 39

Dennis HockinK-999Thailand

“ Immediate availability from stock gives us the flexibility we need.”

Wintershall Noordzee B.V. is an oil and gas producing

company with 26 offshore locations in the North Sea.

The company employs around 450 people distributed

across branches in Rijswijk, the Netherlands (office)

and Den Helder, the Netherlands (operations). Under

the colors of parent company Wintershall in Kassel,

Germany, the company is operational on a 24/7 basis.

Continuity is their magic word.

Purchaser Roel Wolff emphasizes the importance of a

reliable supplier: “If you know that some production

platforms produce within 24 hours what all homes

in Amsterdam combined consume in a year, you will

understand that any interruption of the production

would have gigantic consequences. As a result

of pressure variations on the platforms, frequent

adjustments are needed in the pipelines network.

Van Leeuwen’s branch Teuling Staal is our preferred

supplier of duplex and super duplex pipes, fittings

and flanges. We use these to manufacture various

pipe spools to optimize production. Of course, we

Wintershall Noordzee, the Netherlands

could use ordinary carbon steel, but this would turn

out more expensive in the end. Although duplex is

rather costly initially, it lasts a lot longer and is more

resistant to chemical and weather influences. This

resistance is very important; after all, such pipes

get a lot of battering. Not only from the influence

of sea water and salt air, but also from the highly

aggressive gas, which is pushed through the pipelines

at immense pressures. Service and quality are the

most important requirements our suppliers have to

meet. We just cannot afford to have production stop.

Quality and service are very well assured by Teuling

Staal. If, for example, on Christmas Day, at four

o’clock in the afternoon, we need 0.5 inch duplex

pipe, with the corresponding certificates, and it has

to arrive in Den Helder three hours later because

a helicopter is waiting for it there, I know that

everything will turn out all right. That is what

we call service. And the bill will turn out all right

in the end as well.”

Customers

42

varying needs. We successfully implemented the

ISO 9001:2000 quality control system and obtained

the certificate. The tubes that Van Leeuwen supplies

are used for driving parts for trucks. Materials

prepared by us are shipped to the United Kingdom,

where they are dispatched and assembled on

Caterpillar machines. We are one of the biggest

subcontractors for Caterpillar in Poland.

The main quality we are looking for in terms of

suppliers is reliability, because that is what our

customers expect of us. We have to deliver on time,

so we expect our suppliers to do the same. In the

end, price is crucial to us. Margins are small in this

business. We only want the best products to be used

in our applications. Product quality is very important

to us and to our customers. In that respect, we rely

on our partnership with Van Leeuwen and we look

forward to extending our business together.”

MARBET, founded in 1992 in Poland, provides

a wide range of technical support and services

for the metal industry.

Quality is crucial for MARBET, according to CEO

Adam Bos. “Today MARBET has 290 employees,

90% of whom work in production. Our monthly

output totals 1500 tons of sheet metal, with a total

production area of 10,000 m2. We have divided our

activities into separate departments, such as gas and

laser cutting, welding, machining and bending.

Our priority in quality management is to take

preventative measures that eliminate the risk of

non-compliance with the customer’s specifications.

This is something we recognise in Van Leeuwen’s

approach too. We are constantly expanding our

machine park and investing in the latest technologies.

This policy together with our experienced and

qualified team enables us to meet our customers’

MARBET, Poland

´

Customers 43

rock particles which are very abrasive, wearing down

the pipe and fittings very quickly. The chrome carbide

overlay allows these products to last six to ten times

longer than they would without the overlay. This

increase in the life span produces significant cost

savings for the customer. Van Leeuwen supplies us

with the pipes, fittings, flanges and rings that we

use to overlay, manufacture and deliver our products

to our customers. With three locations and more

than 140,000 square feet of overlay / fabrication

space, we supply over 50% of the overlay business

in North America. We are committed to maintaining

this leading position, which is why we do business

with Van Leeuwen. It is no surprise that they have

been our most important supplier of carbon steel

tube products for more than ten years. The critical

factor in choosing Van Leeuwen as our supplier is

their outstanding quality, service, competitiveness

and reliability. The Matrix Wear Technologies team,

combined, brings over 50 years of expertise and

knowledge into this industry.”

Matrix Wear Technologies LP is based in Alberta,

Canada, and is a manufacturer of Chrome Carbide

Overlay products. Weld overlay is applied by a

patented welding process and is used for abrasion

protection of the internal surface of carbon steel

pipe, fittings and bends. These products are primarily

used in the transportation of non-processed bitumen

applications within the Canadian Oil Sands. Matrix Wear

Technologies was established in 1997 and is part of the

ClearStream Energy Services group of companies.

ClearStream’s core purpose is ‘Helping Customers

Bring Energy to Our World’. The company has an

annual turnover of over 400 million dollars and

employs more than 3,000 people.

John Gabel, General Manager of Matrix Wear

Technologies states: “Raw, unprocessed bitumen,

or oil sands, travels by pipeline from the mine site to

the processing facilities under high pressure. Water is

added to the bitumen which allows it to travel down

the pipe. This bitumen mixture contains sand and

Matrix Wear Technologies, Canada

44

For example, our machines contain drawn special steel,

chrome steel, and round and square profiles. Jean

Wauters and Van Leeuwen supply us with these on

a weekly basis. We opted for these suppliers mainly

because of their competitive prices. And, of course,

because of their name. Now that Jean Wauters has

been acquired by Van Leeuwen, we are able to benefit

from this as Matthys Group, for example by having

partial deliveries combined into one. And now that

we have been working together for longer, other

important aspects are catching the eye as well: the

promptness of deliveries, the high quality of the

products, and the observance of agreements. I must

say that after all these years we are very satisfied.

Of course, there has been the odd thing that went

wrong. For example, if an article was delivered that

had the wrong tolerance. But the way in which such

problems are solved, with common sense and always

maintaining the dialogue, we really appreciate. I can

therefore highly recommend Jean Wauters and Van

Leeuwen to fellow machine builders.”

The family business Matthys Group from the Belgian

town of Waregem is particularly focused on continuity.

That is why the company has been a customer of Van

Leeuwen and the Belgian company Jean Wauters.

The latter trades in bar steel and was recently taken

over by Van Leeuwen. With a workforce numbering

90 employees, Matthys Group is involved in the

engineering, manufacturing and commissioning

of machines, particularly for the textile industry.

Therefore, this innovative company not only designs,

but also manufactures the machines in Waregem,

after which they are exported, installed, commissioned

and maintained all over the world.

Owner Wim Matthys explains the role Jean Wauters

and Van Leeuwen play for his company, what made

them originally opt for these suppliers, and what their

relationship is today. “Our cooperation dates back

to the late 1980s, early 1990s. In those days, our

company grew fast and we needed many different

parts for the machines we were producing.

Matthys Group, Belgium

Customers 45

Six years ago, K-999 Engineering & Construction,

based in Rayong, Thailand, was founded and the

company Oil and Gas Engineering (Thailand) recently

became a major shareholder. Today K-999/OGE has

350 employees and provides project development

services to the oil & gas, mining and construction

industries.

Managing Director at K-999 Engineering &

Construction, Dennis Hockin explains the basis

for the relationship between his company and Van

Leeuwen. “We are involved in a major project for

Karara Mining Ltd, the Karara Iron Ore project. Some

220 kilometers east of Geraldton, Australia, a plant is

being built for the mining of hematite (which started

in 2011) and the mining of magnetite as of March

2012. These are both types of iron ore.

When we were looking for a company to deliver the

carbon steel pipes and fittings used for piping in the

K-999, Thailand

processing plant, it was a logical step to approach

Van Leeuwen. We were already acquainted with

Van Leeuwen as our supplier in Australia for many

years. Water, stones and air will flow through the

pipes in the plant, causing serious wear. To lengthen

their life, a rubber coat therefore has to be applied

to them. With many tons of Van Leeuwen stocks

held locally in Thailand, the choice was even easier.

Van Leeuwen manages our stock in their warehouse

in Thailand. Immediate availability from stock gives

us the flexibility we need. We are looking forward

to working with Van Leeuwen for the phases

to come. They are doing a great job with close

cooperation between their branches. Van Leeuwen

Australia provides support such as advice on

material specifications plus stocks, Van Leeuwen in

Singapore procures material and provides centralized

warehousing, while Van Leeuwen Thailand takes care

of delivery to schedule, local warehousing and after

sales support.”

46

As a supplier to large OEMs, we need to be able

to supply our cylinders quickly. Flexibility is very

much the trend in our business. The customers tell

us what they need and when: just in time delivery is

crucial. Also, the time-to-market of new products is

getting shorter and shorter. Van Leeuwen is aware of

what our customers need and factors this into their

operations. We have been doing business with Van

Leeuwen for many years now, and flexibility is one

of their key characteristics. They make sure that we

are able to supply our cylinders to our customers on

time. Another strong point is the service we receive.

Our questions are always met with a direct answer.

Of course, it is a great help that Van Leeuwen’s

warehouse is in the same town as our factory: that

means we can quickly spring into action. Finally,

another benefit of working with Van Leeuwen is

that they have the ability to put themselves in our

shoes and help us find solutions in areas where

opportunities exist for us.”

Burnside Autocyl is the European market leader

in the manufacture of customized hydraulic cylinders.

The company, which is based in Tullow in Ireland,

is a supplier to OEMs (Original Equipment

Manufacturers) in every sector of the machine

industry. Among the places where the cylinders are

found are personnel lifts, garbage trucks and forklift

trucks. The tube used to make the cylinders comes

from the Van Leeuwen product range. Burnside’s

Purchasing Manager, Patrick Agars, explains why.

“Burnside was founded in 1974 and now consists

of five factory units with around 500 employees.

We are responsible for the entire production cycle for

our customers, to whom we supply a wide range of

hydraulic cylinders. We do not just make and supply

the cylinders – we also design and test them. Quality

is an important part of our production process, proof

of which can be found in our ISO 9001 2000 and ISO

3834-2 certificates.

Burnside Autocyl, Ireland

Customers 47

Inprotech is an installation company specializing in

process plants and is particularly operating in the

food & beverage, luxury foods, and pharmaceutical

industries. The company develops, installs and

maintains high-quality stainless steel pipeline systems

and complete process plants. Inprotech has its own

workshop and engineering department where the

systems, constructions and applications are designed

and manufactured. The assembly department,

employing around 25 mechanics, looks after the

installation of systems within the Netherlands

and abroad. The company, which was founded

in 2001, has its home base in Makkum, Friesland,

the Netherlands.

Cees Jaspers, one of the Director/Owners of Inprotech,

explains his reasons for chosing Van Leeuwen as

a supplier. “In our business, we need yesterday

what we order today, so to speak. Van Leeuwen

understands how this works, and is able to respond

quickly to our requests thanks to its large stock levels.

Inprotech, the Netherlands

Our customers are predominantly dairy farmers

and we deliver and install complete process plants.

The installation and commissioning of a production

line should disrupt existing production facilities as

little as possible and must be completed within a

very short time. After all, time is money. That is

why the width of the supplier’s range was another

crucial point for us. The fewer suppliers we have,

the more quickly we can help our customers

become operational again. Another advantage of

Van Leeuwen is that the branch we purchase our

stainless steel pipes from, has generous opening

hours. It may occur that we are in desperate need

of an item and it is great if we can go and pick it

up ourselves. Finally, Van Leeuwen’s price levels are

favorable. We are too small to purchase straight

from the factory, so we rely on distributors. 95% of

what we purchase is stainless steel, which we need

for the machines and the pipelines our customers

use. And if we are able to offer them competitive

prices, it helps reinforce our business.”

48

Mecanor is a small company, situated in western

France and specialized in mechanics and welding.

Mecanor has 20 employees, serving customers in

the motorboat engine and automobile industry. The

organization also builds and delivers fishing devices.

General Manager Herve Lamaury explains what these

fishing rakers are used for. “The metallic fishing net

is attached to a raker which is pulled by the boat.

When the boatman maneuvers his ship, the device is

dragged over the sand and scallops get stuck in the

net. These scallops are removed, transported and will

finally end up on someone’s plate in a restaurant.

The device is made of steel and understandably

suffers serious wear and tear due to the salty water

and contact with the sand. This is a seasonal product;

the fishery is open seven months a year from October

to May. This gives us the remaining months to

Mecanor, France

produce and store the rakers in our 1,100 square

meter warehouse. For the production of these rakers,

we need ten tons of steel every month, from which

we make about 2500 fishing rakers.

IPM, the company recently acquired by Van Leeuwen,

supplies us with rolled plates of six and a half meters,

especially the 40 x 20 mm S235 steel and A60 steel.

We cut A60 tooth (approximately 200 mm length),

heat them until 800 degrees to reach 51HRC and

finally weld them onto S235 plates. Finally, we

assemble them on the fishing nets.

We are very pleased with IPM as a supplier, because

we can always rely on the agreed delivery time being

met. The price is an important factor too. Now

Van Leeuwen has acquired IPM, the future is looking

even better and we are investigating whether this

combination can supply us with additional products.”

Customers 49

“ Van Leeuwen makes sure that we are able to supply our cylinders on time.”

Patrick AgarsBurnside Autocyl Ireland

Operations

‘ Operations takes care of the efficient and effective flow of goods.’

52

Operations takes care of the efficient and

effective flow of goods, including the value-

adding activities performed on these.

This includes our warehouses and the people

who work there, the machines for treatments,

transport and all related matters such as quality,

safety and sustainability. Operations ensures

that customers optimally benefit from Van

Leeuwen’s global logistic network.

Worldwide distribution networkWorldwide Van Leeuwen has a distribution network

that enables us to respond to customer demands

quickly and adequately. There are more than twenty

warehouses with 100,000 tons of stock. Thanks to

the excellent cooperation between the central stock

locations in Europe, Asia and North America and the

local stock-keeping branches, we can satisfy virtually

every demand.

In 2011, we invested in our distribution network by

building new warehouses and expanding existing

warehouses. In Tullow, Ireland, for instance, we

took a new warehouse into use, and in Poland we

can now supply customers from a 3000 m2 covered

warehouse. In Belgium we added a complete

warehouse for the storage of tube components and

set up a separate space for temporary storage for

projects. At the beginning of 2012, Teuling Staal’s

warehouses are integrated into a separate 6000 m2

warehouse in Zwijndrecht, to keep these products

separated from carbon steel.

Operations 53

We not only invested a great deal in stock and stock

locations last year. The strong growth in demand

for sawing work in the Fluid Power and Equipment

Manufacturing segments prompted expansion of

the sawing capacity in Belgium. We also invested

in machines to further treat the products for our

customers. With a new plasma cutter, France

doubled its sawing capacity for this treatment, thus

responding to the exponential growth in demand.

Optimization of deliveriesOur delivery reliability was high once again in 2011.

The process started last year to have all European

branches working on a central ERP system, allows us

to further integrate the European stocks and in doing

so keep delivery reliability at a high level.

Each day, many tons of steel pipes and other

materials find their way from strategically located

logistics centers to customers around the globe. Over

a hundred Van Leeuwen trucks are on the road every

day. Our strengths include stock management and

stock optimization for customers, documentation,

testing and inspection, and ‘just-in-time’ deliveries.

The frequency of incidents safety index indicates the number

of incidents in relation to the number of days worked.

Frequency of incidents safety index Total worldwide

2008 2009 2010 2011

We have optimized our transport scheduling in

Europe, whereby local branches make use of each

other’s distribution network. This enables our

company to make the Van Leeuwen assortment

accessible for every customer. The combination of the

intercompany shuttle network and local distribution

ensures we can deliver most of the items in stock to

customers anywhere in Europe within 24 hours.

SafetyZwijndrecht, the Netherlands, had already achieved

the OHSAS (Occupational Health & Safety

Assessment Services) certificate, a certificate for

working conditions. This certification is planned for

other locations. Van Leeuwen pays constant concern

and attention to safe and healthy working conditions.

We pursue an active policy to prevent industrial

accidents. The number of incidents fell in 2011 for the

seventh consecutive year, and no serious accidents

occurred. The frequency index for accidents involving

absence fell worldwide to 10.1 (in 2010: 10.9).

20,0

18,0

16,0

14,0

12,0

10,0

8,0

6,0

4,0

2,0

0,0

54

QualityWe apply high quality standards to our business

processes. This is supported by the ISO 9001 certificate.

New branches that we open undergo audits in order

to obtain this certificate within three years.

Monitoring our suppliers is an essential part of our

quality policy. Every year we audit a selection of new

and current suppliers. It is decided on the basis of clear

criteria whether they will be added to or remain on the

Van Leeuwen Approved Manufacturers List (AML).

This AML is crucial in our purchasing decisions and

serves as a guide for our international customers in

relation to their quality requirements.

Corporate social responsibilityThe implementation of the international guideline

for social responsibility, ISO 260000, supports our

active policy for energy-conscious working and

sustainability. We develop initiatives to further

reduce energy consumption and limit waste streams

as much as possible and invest in facilities in a

modern, safe and energy-conscious manner. We are

making significant improvements in such areas as

‘ We apply high quality standards to our business processes.’

the reduction of CO2 emissions, decreasing energy

consumption and recycling packaging materials.

The replacement of lighting in our Dutch branches

will lead to a reduction of 50% in energy

consumption in our office buildings by 2012.

We also buy in 25% less new cardboard, opting

instead to re-use packaging materials. Finally, our

new head office in Zwijndrecht, the Netherlands, is

a very good example of sustainability: through the

use of photovoltaic solar cells and thermal storage

systems, the building is extremely energy efficient.

Operations 55

“ Thanks to its large stock levels, Van Leeuwen is able to respond quickly to our requests.”

Cees JaspersInprotechthe Netherlands

‘ We view our employees as our company’s greatest capital.’

Staff developments

58

Our staff forms the link that connects our

customers with our products and services.

Employees with knowledge, experience, talents

and qualities. There is good reason why we

view them as our company’s greatest capital.

GrowthIn 2011 our workforce grew by 167 compared to

2010, an increase of 16%. An increase that was

largely due to the acquisition of the Belgian company

Jean Wauters Acier spéciaux S.A. and affiliate IPM

Acier S.A.S. With this takeover we added bar steel

to our product range, an important expansion. Jean

Wauters is a specialist in bar steel and the expertise

that its employees have in that area will enable Van

Leeuwen to serve other customers as well.

In total our employees represent 35 different

nationalities while serving at 50 branches in 22

countries. Women comprise 27% of the total

workforce, men comprise 73%.

RecruitmentVan Leeuwen has 50 branches worldwide. Each branch

is most up-to-date on the local labor market needs

and is therefore responsible for its own HR policy.

The business-wide HR policy is focused on offering

employees challenging positions. Some branches

approach potential new employees for international

traineeships. They work at a number of branches, in

different positions. In addition to a period of getting to

know the products that Van Leeuwen trades, trainees

become acquainted with the commercial, logistics and

financial aspects. While other large companies often

have a fixed program for these kinds of traineeships,

Van Leeuwen centers its approach on the trainee. New

employees deliver added value for our customers while

learning on the job.

Own training programsThe Van Leeuwen employee is motivated and has

applicable knowledge of his field. At Van Leeuwen it

is customary to share this knowledge with colleagues.

This ensures that all customers benefit from the

knowledge and experience of individual employees.

Van Leeuwen has set up its own international project

management training program over the past few years.

In a team context, employees are taught all the ins and

outs of international project management. This takes

place in cooperation with a specialized external agency,

whereby we customize the program. Not a standard

training course therefore, but a course that focuses on

the projects we run internationally at Van Leeuwen.

Staff developments 59

Our Management Excellence Program is an

intensive program, especially developed for young

management in close cooperation with a training

institute. Managers from different disciplines

come together from all over the world to educate

themselves further and share their knowledge and

experiences. In this way we not only boost their

management skills, we also reinforce the relationship

and cooperation between colleagues.

CSRVan Leeuwen wants to have a positive impact on

society and involve its own employees in this too.

An example of this is the Wheel of Energy, a revolving

cage that Van Leeuwen employees managed to

keep in motion for three hours in order to generate

power and raise money for cancer victims. In 2012,

Van Leeuwen will participate for the first time in the

Roparun, a relay race from Paris to Rotterdam.

All the proceeds will go to charity.

Top employerIn 2011 Van Leeuwen Buizen in Zwijndrecht, the

Netherlands, was once again named Top Employer

after an independent survey by CRF, a specialist in

international research into terms of employment.

CRF granted this distinction on the basis of good

employment practices. Five criteria were investigated:

primary terms of employment, secondary terms of

employment and working conditions, training and

development, career opportunities and organizational

culture. Especially young, highly-educated

professionals are persuaded by this proof of good

employment practices when seeking an employer.

60

Region

Middle East

North America

Australia/Asia

Europe

Total per region

Total

Worldwide

Women

Men

27%

73%

2011

43

61

198

895

1,197

Number of employees at Van Leeuwen Pipe and Tube Group

Ratio of women to men 2011

2010

40

47

187

756

1,030

Middle East

35%

65%

North America

23%

77%

Australia/Asia

38%

62%

Europe

25%

75%

Staff developments 61

Herve LamauryMecanorFrance

“ We are very pleased with IPM as a supplier, because of their prices and delivery time.”

Worldwide

‘ Worldwide we further strengthened and expanded our international network of branches.’

64

33

34

25

24

15

14

31

32

39

40

43

5

4

2 31

38

37

41

42

48 47

44

45

46

49

20

23

22

21

7

26

8

6

9

11

12

19

17

16

28 29 3027

50

35 36

10 13

18

Worldwide

North America

Canada1 Edmonton

2 Calgary

3 Regina

4 Cambridge

United States5 Houston

33

34

25

24

15

14

31

32

39

40

43

5

4

2 31

38

37

41

42

48 47

44

45

46

49

20

23

22

21

7

26

8

6

9

11

12

19

17

16

28 29 3027

50

35 36

10 13

18

Europe

The Netherlands6 Zwijndrecht

7 Deventer

8 Beesd

9 Barendrecht

10 Vianen

Belgium11 Vilvoorde

12 Brussels

Germany13 Ratingen

France14 Gonfreville

15 Villemandeur

16 Meyzieu

17 Vaulx-en-Velin

18 Mitry-Mory

United Kingdom19 Brierley Hill

20 Bury

21 Aberdeen

22 Middlesbrough

23 Sheffield

24 Southampton

Ireland25 Tullow

Poland26 Sosnowiec

Czech Republic 27 Brno

28 Studénka

Slovakia29 Žilina

Turkey30 Istanbul

Middle East

United Arab Emirates31 Dubai

32 Abu Dhabi

Qatar33 Doha

Saudi Arabia34 Al-Khobar

Joint ventures35 Combulex,

the Netherlands

36 Benteler Distribution,

Germany

33

34

25

24

15

14

31

32

39

40

43

5

4

2 31

38

37

41

42

48 47

44

45

46

49

20

23

22

21

7

26

8

6

9

11

12

19

17

16

28 29 3027

50

35 36

10 13

18

Worldwide

Asia / Australia

Singapore37 Singapore

Malaysia38 Kuala Lumpur

Thailand39 Bangkok

40 Chonburi

Indonesia41 Jakarta

Vietnam42 Ho Chi Minh

China43 Shanghai

Australia44 Sydney

45 Brisbane

46 Townsville

47 Melbourne

48 Adelaide

49 Perth

Joint venture50 Van Leeuwen TPCO

Pipe and Tube, China

67

International networkVan Leeuwen Pipe and Tube Group B.V.Lindtsedijk 120, 3336 LE ZwijndrechtP.O. Box 50, 3330 AB ZwijndrechtThe NetherlandsTelephone: +31 78 6252525Fax: +31 78 6252755E-mail: vlptg@vanleeuwen.nlInternet: www.vanleeuwen.com

Head office

The Netherlands

P. van Leeuwen Jr’s Buizenhandel B.V.Lindtsedijk 100, 3336 LE ZwijndrechtTelephone: +31 78 6252525Fax: +31 78 6252020E-mail: sales@vanleeuwen.nlManaging Director: B. van Beurden

Van Leeuwen Precisie B.V.Hamburgweg 6, 7418 ES DeventerTelephone: +31 570 500700Fax: +31 570 500777E-mail: info-precisie@vanleeuwen.nlManaging Director: B. van der Worp

Van Leeuwen Stainless B.V.Industrieweg 26, 4153 BW BeesdTelephone: +31 345 687777Fax: +31 345 683304E-mail: sales.stainless@vanleeuwen.nlManaging Director: A. Dekker

Teuling Staal B.V. Zuideinde 19, 2991 LJ BarendrechtTelephone: +31 180 611000Fax: +31 180 611517E-mail: sales@teulingstaal.nlManaging Director: J. de Ruijter

Belgium

N.V. Van Leeuwen Buizen België Schaarbeeklei 189, 1800 VilvoordeTelephone: +32 2 2554000Fax: +32 2 2520576E-mail: info@vanleeuwen.beManaging Director: O. Delbrouck

NV Jean Wauters - Aciers Spéciaux Liverpoolstraat 231070 Brussels Telephone: +32 2 5222915 Fax: +32 2 5221972E-mail: contact@wauters.beManaging Director: A. RendersDirectors: Benoît Wauters and Marc Wauters

Germany

Van Leeuwen Project ServicesBreitscheider Weg 142 - 144D40885 RatingenTelephone: +49 2102 389760 Fax: +49 2102 3897620

France

Van Leeuwen Tubes SAS2, Avenue des Pays-Bas69330 Meyzieu (Lyon)Telephone: +33 4 72 451515 Fax: +33 4 72 451520E-mail: vlfrance@vanleeuwen.frManaging Director: J. TinelBranches: Gonfreville, Villemandeur

IPM Aciers SAS11 Rue Jean Corona69120 Vaulx-en-Velin Telephone: +33 4 37 453790 Fax: +33 4 37 453799 E-mail: info@ipmaciers.frCommercial Manager: C. PiottoBranch: Mitry-Mory

United Kingdom

Van Leeuwen LtdNine Lock Works, Mill Street, Brierley HillWest Midlands DY5 2SXTelephone: +44 1384 487600Fax: +44 1384 487619E-mail: sales@vanleeuwen.co.ukManaging Director: J. BlakeyBranches: Aberdeen, Bury, Middlesbrough, Sheffield, Southampton

Ireland

Van Leeuwen LtdTullow Industrial EstateBunclody RoadTullowCo CarlowTelephone: +353 599181120Fax: +353 599181124E-mail: sales@vanleeuwen.co.uk

Czech Republic

Van Leeuwen Pipe and Tube s.r.o.Areal Slatina, Turanka 115, 62700 BrnoTelephone: +420 532 123251Fax: +420 532 123250E-mail: sales@vanleeuwen.czGeneral Manager: H. ZondervanBranch: Studénka

Slovakia

Van Leeuwen s.r.o.Bytčická cesta 89, 010 09 ŽilinaTelephone: +421 415 166 183Fax: +421 415 166 259General Manager: H. Zondervan

Poland

Van Leeuwen Rury Spolka z.o.o.ul. Społeczna 841-200 SosnowiecTelephone: +48 32 294 4600Fax: +48 32 294 4699E-mail: polska@vanleeuwen.plGeneral Manager: E. Smid

Turkey

Van Leeuwen Boru Sanayi Ve Ticaret Ltd ŞirketiInönü Caddesi, Sümer Sokak, Zitas BloklariC2 Blok, Kat:6 Daire:15, Kozyataği, IstanbulTelephone: +90 216 3804525Fax: +90 216 3806272E-mail: info@vanleeuwenboru.com.tr

Europe

68

International network

Canada

Van Leeuwen Pipe and Tube (Canada) Inc.2875 - 64th AvenueEdmonton, Alberta T6P 1R1Telephone: +1 780 4697410Fax: +1 780 4665970E-mail: sales@vanleeuwen.comManaging Director: V. KleinBranches: Calgary, Regina, Cambridge

United States

VL Project Services LLC10235 West Little York Road, Suite 250Houston, Texas 77040Telephone: +1 281 5823150Fax: +1 281 5823151E-mail: sales@vlprojectservices.comCommercial Manager: C. Beauchamp

North America

Indonesia

PT. Van Leeuwen Pipe and Tube IndonesiaWisma 46, Kota BNI, 36th Floor,Jl Jend Sudirman Kav. 1 – Jakarta 10220Telephone: +62 21 5700967Fax: +62 21 5700968E-mail: info@vanleeuwen.co.idGeneral Manager: J. de Vries

Vietnam

Van Leeuwen Pipe and Tube (Singapore) Pte LtdVietnam Representative OfficeSuite 1317, 13th Floor,Kumho Asiana Plaza, 39 Le Duan Street, District 1Ho Chi Minh City Telephone: +84 8 62 888 769Fax: +84 8 62 917 905E-mail: vietnam@vanleeuwen.com.sg Chief Representative: G. Piffeteau

China

Van Leeuwen TPCO (Tianjin) Pipe and Tube Trading Company Ltd.12E Double Dove Plaza438 Pu Dian Road, Pudong DistrictShanghai 200122Telephone: +86 21 61042880Fax: +86 21 61042882E-mail: info@vanleeuwentpco.com.cnGeneral Manager: D. YapBranches: Beijing, Tianjin

Van Leeuwen Pipe and Tube (Singapore) Pte LtdShanghai Representative OfficeRoom 1501, No 458 Fushan RoadPudongShanghai 200122 Telephone: +86 21 58311866Fax: +86 21 58311900E-mail: info@vanleeuwen.com.cnChief Representative: D. Sun

Australia

Van Leeuwen Pipe and Tube Australia PTY Ltd.95-113 Lee Holm RoadSt Mary’s NSW 2760 (Sydney)P.O. Box 1172 St Marys NSW 1790Telephone: +61 2 98961111Fax: +61 2 96882428 (Head Office) +61 2 96884801 (NSW Branch)E-mail: vanleeuw@vanleeuwen.com.auManaging Director: E. ZammitBranches: Adelaide, Brisbane, Townsville, Melbourne, Perth

Middle East

Asia/Australia

United Arab Emirates

Van Leeuwen Pipe and Tube Gulf FZEOilFields Supply Center, B11, Jebel Ali free zoneP.O. Box 261145, DubaiTelephone: +971 4 8833872Fax: +971 4 8837974E-mail: process@vanleeuwengulf.aeRegional General Manager: H. Nassar

Van Leeuwen Pipe and Tube (Middle East) LLCAl Ghaith Tower, Suite 1203Hamdan StreetP.O. Box 47144, Abu DhabiTelephone: +971 2 6271840Fax: +971 2 6271244E-mail: sales@vanleeuwen.ae

Qatar

Van Leeuwen Trags Pipe and TubeJaidah Tower, 7th FloorP.O. Box 1884, DohaTelephone: +974 4432212Fax: +974 4422255E-mail: process@vanleeuwengulf.ae

Saudi-Arabia

Van Leeuwen KSAUnited Business Systems Co/ Van Leeuwen KSA DivisionMiddle East Commercial Complex1st Floor, Office 4P.O. Box: 79420, Al-Khobar 31952Telephone: +966 381 28605Fax: +966 381 28607E-mail: sales@vanleeuwen-saudi.comGeneral Manager: M. Chehab

Singapore

Van Leeuwen Pipe and Tube (Singapore) Pte Ltd4, Pioneer Place, Singapore 627893Telephone: +65 68979301Fax: +65 68979318E-mail: info@vanleeuwen.com.sgRegional Managing Director: M. Kerstens

Malaysia

Van Leeuwen Pipe and Tube (Malaysia) Sdn. Bhd.Suite 11-02, Level 11, Menara IGBThe Boulevard, Lingkaran Syed Putra59200 Kuala LumpurTelephone: +60 3 22873358Fax: +60 3 22845771E-mail: malaysia@vanleeuwen.com.sgGeneral Manager: O. Ducrocq

Thailand

Van Leeuwen Pipe and Tube (Thailand) Ltd.487/1 Si Ayutthaya Building 12A Floor, Si Ayutthaya Road Khwaeng Thanon Phaya ThaiKhet Ratchathewi, Bangkok 10400Telephone: +66 2 2480994 98Fax: +66 2 6425087 88E-mail: thailand@vanleeuwen.com.sgGeneral Manager: J. CheeBranch: Chonburi

69

Personal particulars

R. Willems, Chairman

Nationality : DutchYear of birth : 1945Previous important positions held : President Shell Nederland B.V.

President Shell Philippines Executive Vice President Shell Chemicals

Other supervisory board positions : Chairman of the Supervisory Board Kon. Joh. Enschede Chairman of the Supervisory Board Essent Member Supervisory Board Caldic Chemie Member Supervisory Board FMO

Other positions : Vice Chairman Governing Board VU-VUmc Chairman Chemical Industry Steering Group

First appointed : 01-09-2007End of current term : 2015

Supervisory Board

J.C. Breen

Nationality : DutchYear of birth : 1947Previous important positions held : President and CEO Van Leeuwen Pipe and Tube Group B.V. Managing Director Asia Pacific Consumer Electronics Division N.V. PhilipsOther supervisory board positions : Chairman of the Supervisory Board Koninklijke Ahrend N.V.

Member Supervisory Board Teijin Aramid B.V. Chairman Supervisory Board Koninklijke Smilde B.V. Chairman Supervisory Board Nedcard B.V.

First appointed : 01-09-2007End of current term : 2015

J. Ekelmans Member Audit Committee

Nationality : DutchYear of birth : 1951Current position : Independent consultant (business & boardroom counselling) in association

with Mr H.C. den Hollander: Outright business counsellingPrevious important positions held : Lawyer, joint founder and partner Ekelmans Den Hollander (1978-1999)Other positions : Board member (Chairman) BE Semiconductors N.V. Continuity Foundation

Board member Unit4 N.V. Continuity FoundationFirst appointed : 18-05-2004End of current term : 2012

70

Personal particulars

R.R. HendriksChairman Audit Committee

Nationality : DutchYear of birth : 1955Current position : CFO Fluvia Holding B.V. Previous important positions held : CEO Aon EMEA (Europe, Middle East and Africa)

Vice Chairman Royal VOPAK N.V. Member Management Board and CFO CSM N.V.

Other supervisory board positions : Member Supervisory Board Nile Dutch Holding B.V.Other positions : Chairman Advisory Board G-Star

Chairman Advisory Board Den Hartogh Logistics Chairman Advisory Board Marcura Equities FZE, Dubai

First appointed : 01-01-2006End of current term : 2014

From left to right:

R.R. Hendriks,

J. Ekelmans

J.C. Breen,

R. Willems,

J.G. van Oord

J.G. van Oord

Nationality : DutchYear of birth : 1946Previous important positions held : Chairman of the Board of Management Van Oord N.V.Other supervisory board positions : Member Supervisory Board Van Oord N.V.

Chairman Governing Board MerweOord B.V. Member Board of Trustees Deltares Member Supervisory Board GMB Holding B.V.

Other positions : Chairman ‘Stichting Red een Kind’, Zwolle, the Netherlands President IADC, International Association of Dredging Companies

First appointed : 01-01-2009End of current term : 2013

71

Board of Directors and Executive Committee

P.L. Rietberg, Chairman of the Board

Nationality : DutchYear of birth : 1964Previous important positions held : Member Board of Executive Directors Van Leeuwen Pipe and Tube Group B.V. Managing Director P. van Leeuwen Jr’s Buizenhandel B.V.Date of commencement : 01-09-1989Appointed to current position : 01-09-2007Specific areas of responsibility : Strategy, long-term policy and acquisitions/joint ventures; Corporate Communications.

J.M. Sassen, Member of the Board and CEO

Nationality : DutchYear of birth : 1966Previous important positions held : Division Director Precision Managing Director Van Leeuwen Precisie B.V. Regional Managing Director Van Leeuwen Pipe and Tube (Singapore) Pte LtdDate of commencement : 02-03-1992Appointed to current position : 01-09-2007Specific areas of responsibility : Divisions Industry and Energy; the operating companies in the Middle East, Asia,

Australia and North America, and worldwide Human Resources.

M.A.L.W.J. van Engelen, Member of the Executive Committee

Nationality : DutchYear of birth : 1958Previous important positions held : Managing Director P. van Leeuwen Jr’s Buizenhandel B.V.

Manager Human Resources Van Leeuwen Pipe and Tube Group B.V.Date of commencement : 01-01-1998Appointed to current position : 01-09-2007Specific areas of responsibility : Operating companies in Europe, and Operations.

A.S. Zwanepol, Member of the Executive Committee and CFO

Nationality : DutchYear of birth : 1960Previous important positions held : Business Finance Manager Middle East Shell Exploration & Production International B.V. Financial Director Shell EgyptDate of commencement : 01-10-2007Appointed to current position : 01-10-2007Specific areas of responsibility : Finance en ICT

72

From left to right:

Joop Sassen,

Maureen van Engelen,

Peter Rietberg,

René Zwanepol

Personal particulars 73

Management

Hans Weerstra

Division Director

Energy

André Dekker

Managing Director

Van Leeuwen Stainless

Peter Rietberg

Chairman of the Board

Marc Wauters

Director Jean Wauters,

Belgium

Johan de Ruijter

Managing Director

Teuling Staal

Wil Livius

Operations Director

Europe

Joop Sassen

Member of the Board

and CEO; Chairman of the

Executive Committee

Jérôme Tinel

Managing Director

Van Leeuwen Tubes

France & IPM

Ton Benning

Financial Director

Van Leeuwen Buizen

Zwijndrecht

René Zwanepol

Member of the

Executive Committee;

Chief Financial Officer

André Renders

Managing Director

Jean Wauters, Belgium

Boud van Beurden

Managing Director

Van Leeuwen Buizen

Zwijndrecht

Maureen van Engelen

Member of the

Executive Committee

Olivier Delbrouck

Managing Director

Van Leeuwen Buizen

Belgium

Olivier Rosset

Commercial Director

Division Energy

Benno van der Worp

Managing Director

Van Leeuwen Precision

Henk-Robert ten Cate

Division Director

Industry

Benoît Wauters

Director Jean Wauters,

Belgium

74

Personal particulars

Joris de Vries

General Manager

Van Leeuwen Pipe and Tube

Indonesia

Hadi Nassar

Regional General Manager

Van Leeuwen Pipe and Tube

Gulf

Koen van Eijnsbergen

Manager Finance

& Administration

Martijn Knottnerus

General Counsel

Elko Smid

General Manager

Van Leeuwen Rury

Poland

Maus Jaarsma

Group Financial Controller

Ingrid den Hartog

Manager Corporate

Communications

Olivier Ducrocq

General Manager

Van Leeuwen Pipe and Tube

Malaysia

Jeff Blakey

Managing Director

Van Leeuwen

United Kingdom

David Sun

Chief Representative

Van Leeuwen Pipe and Tube

Shanghai

Martijn Kerstens

Regional Managing Director

Van Leeuwen Pipe and Tube

Asia

Alexander Gouw

Manager Corporate

Human Resources

Emmanuel Zammit

Managing Director

Van Leeuwen Pipe and Tube

Australia

Peter Boer

Manager Quality,

Safety & Environment

Dennis Yap

General Manager

Van Leeuwen TPCO (Tianjin)

Pipe and Tube China

Vern Klein

Managing Director

Van Leeuwen Pipe and Tube

Canada

Jolon van der Schuit

Business Controller

Willem de Boer

Manager Corporate IT

Jude Chee

General Manager

Van Leeuwen Pipe and Tube

Thailand

Hans Zondervan

General Manager

Van Leeuwen Pipe and Tube

Czech Republic & Slovakia

75

Compilation and coordination:

Corporate Communications

Van Leeuwen Pipe and Tube Group B.V.

Design and production:

Centagon B.V.

Van Leeuwen Pipe and Tube Group B.V.

Lindtsedijk 120, 3336 LE Zwijndrecht, the Netherlands

P.O. Box 50, 3330 AB Zwijndrecht, the Netherlands

Telephone: + 31 78 6252525

Fax: + 31 78 6252755

E-mail: vlptg@vanleeuwen.nl

Internet: www.vanleeuwen.com

Published: April 2012. Printed in the Netherlands.