Nippon Steel and Vallourec S.A. (France) / OCTG Strategy Enters New Phase / Terminating Joint Venture in Brazil
Focus Cooperation on Specialized Threaded Connection ‘VAM’
Nippon Steel has agreed to underwrite French company Vallourec’s capital increase by purchasing 35 million Euros (around 4.41 billion yen) of shares newly issued by the latter company. They also agreed to terminate their seamless pipe manufacturing joint venture in Brazil called Vallourec Solucoes Tubulares do Brasil (VSB) by the end of...
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