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Vallourec and the Açotubo Group have launched a joint venture, Vallourec Tubos para Indústria (VTI), to supply cold drawn steel tubes and tubular solutions for the industrial sector. Vallourec holds 75% and Açotubo 25% of the shares.
“The shareholding division will be 75% of Vallourec and 25% of Açotubo in shareholdings, and the management will be carried out entirely by Vallourec.”brazil.vallourec.com
Summarized from public sources; check the original articles before acting on it.