Vallourec SA has opened a new research and development center
in Rio de Janeiro that will be fully operational in
"The Rio center will
focus on all pre-salt activities of the group, with the support
of Vallourecs research center in Belo Horizonte which was
recently expanded as well," the Boulogne-Billancourt,
France-based company said.
The pipe and tube
maker said it spent 93 million ($119.5 million) on
research and development in 2012.
The new center is located next to a research facility for
Brazilian oil producer Petrobras, with which Vallourec has a
long-term pipe supply agreement (
amm.com, Jan. 9).