Vallourec and Açotubo Form Joint Venture Aimed at Producing Steel Pipes and Tubular Solutions for the Industry. R$ 50 Million Will Be Invested in SP and MG

The New Company, Named Vallourec Tubes for Industry, Aims to Produce Steel Tubes and Tubular Solutions

Vallourec announced the launch of Vallourec Tubes for Industry (VTI), a joint venture between its Drawn and Profiled Tubes Unit and the Drawn Tubes and Parts Division of the Açotubo Group. The new steel joint venture will invest R$ 50 million over the next five years in equipment, with production taking place in two units: one in Belo Horizonte (MG) and the other in Guarulhos (SP). Read this news too: Vallourec is Opening Job Vacancies for Mechanic, Helper, Analyst, Intern, and Much More in Minas Gerais

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The New Industry of Vallourec and Açotubo

The new business of Vallourec Tubes for Industry (VTI) will focus on supplying steel tubes and tubular solutions for the industry in general, especially for the automotive, energy, machinery, and industrial equipment segments.

Rodrigo Rennó, CEO of Vallourec Tubes for Industry, said: “The two companies have a strong cultural affinity. Vallourec reinforces its positioning with the sectors it already serves while expanding the product portfolio with VTI, while Açotubo increases its presence in the industrial sector. The complementary production processes and organizational similarities created the ideal scenario for closing the partnership.”

Bruno Bassi, CEO of the Açotubo Group, comments that in the case of his company, the Steel Tube Division continues to focus on distribution, and we will keep buying from various market players. “The part of the Drawn Tubes and Parts Division will now be part of Vallourec Tubes for Industry, which will also be able to supply to Açotubo,” highlights Bassi.

Production and Job Creation

The societal division will be 75% Vallourec and 25% Açotubo in stakes, with management being completely handled by Vallourec. VTI will be based in Minas Gerais, in addition to two plants in São Paulo, employing over 500 workers. The joint venture will have the capacity to draw between 60 and 70 thousand tons annually of seamless and welded tubes, in addition to cutting, bending, and transforming tubes into parts and components.

The focus is the domestic market, but exports are also part of the plan. “Exporting is in Vallourec’s DNA, and considering that Brazil will be the first place in the world where we will operate with the products that will be made available by VTI, this also opens possibilities abroad,” says Rodrigo Rennó.

While the launch of VTI brings dynamism to the market, customers will also benefit. A broader portfolio reduces the purchasing effort. Additionally, the union will result in optimized management and operations, directly impacting greater agility and flexibility.

“We are very happy to have the expertise of the Açotubo Group in this venture, bringing its culture of excellence in customer service with transparency and agility,” declared the executive of VTI. “It is an honor to undertake a project with a sister company like Vallourec. This brings the security that the market needs,” concludes the CEO of Açotubo.