The new company, called Vallourec Tubos para Indústria, aims to produce steel tubes and tubular solutions

Vallourec announced the launch of Vallourec Tubos para Indústria (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). Also read this news: Vallourec opens job vacancies for mechanic, helper, analyst, intern and more in Minas Gerais

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The new industry of Vallourec and Açotubo

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

Rodrigo Rennó, CEO of Vallourec Tubos para Indústria said: “The two companies have a great cultural affinity. Vallourec strengthens its position in the sectors it already serves, but expanding its product portfolio with VTI, while Açotubo increases its share in the industrial sector. Complementary production processes and organizational similarity formed the ideal scenario for closing the partnership”.

Bruno Bassi, CEO of the Açotubo Group, comments that in the case of his company, the Steel Tubes division continues to focus on distribution and we will continue to buy from different market players. “The part of the Drawn Tubes and Parts Division becomes part of Vallourec Tubos para Indústria, which will also be able to supply Açotubo”, emphasizes Bassi.

Production and job creation

The shareholding will be 75% owned by Vallourec and 25% held by Açotubo, and management will be carried out completely by Vallourec. VTI will have headquarters in Minas Gerais, in addition to two plants in São Paulo, with more than 500 employees. The joint venture will have the capacity to draw between 60 and 70 thousand tons per year of seamless and seamless tubes, in addition to cutting, bending and transformation of tubes into parts and components.

The focus is on the domestic market, but exports are also part of the plan. “Exports are 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 opens up possibilities abroad as well”, says Rodrigo Rennó.

While the launch of VTI brings dynamism to the market, customers will also benefit. A broader portfolio reduces purchasing effort. In addition, the merger 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 VTI executive. “It is an honor to carry out a project with a sister company like Vallourec. This brings the security that the market needs”, concludes the CEO of Açotubo.