Pipe producer Vallourec and Brazilian tube, bar and stainless steel distributor Grupo A??otubo announced a joint venture to supply steel tubes and pipes to industrial clients.
The new company, called Vallourec Tubos para Ind??stria (VTI) will comprise Vallourec's Brazilian unit of cold-drawn and shaped tubes and A??otubo'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...