Brazilian tube suppliers Vallourec, Grupo Açotubo create joint venture

Pipe producer Vallourec and Brazilian tube, bar and stainless steel distributor Grupo Açotubo announced a joint venture to supply steel tubes and pipes to industrial clients.

The new company, called Vallourec Tubos para Indústria (VTI) will comprise Vallourec’s Brazilian unit of cold-drawn and shaped tubes and Açotubo’s division of cold-drawn tubes and parts, and it will focus in supplying the automotive, energy and capital goods sectors. The company will be 75% owned by Vallourec and 25% by...

Published

Felipe Peroni

October 13, 2021

20:10 GMT

São Paulo