Pipe-making giant Tenaris SA to build $1.3 billion Texas plant
BY Wire reports
Saturday, February 16, 2013
2/16/13 at 4:26 AM
International energy pipeline giant Tenaris SA has announced plans to build a $1.3 billion Gulf Coast manufacturing facility south of Houston, creating 600 jobs.
Texas Gov. Rick Perry said Friday that Tenaris, the world's No. 1 producer of steel tubing for the oil and natural gas industry, is receiving $6 million from the Texas Enterprise Fund to close the deal.
Perry said he persuaded the Luxembourg-based company to choose Texas while expanding its U.S. workforce during his economic development trip to Italy last year.
The 1 million-square-foot facility is set to open in 2016 in Bay City.
The plant will feature a seamless pipe mill, heat treatment and premium threading facilities. It is expected to eventually produce 600,000 tons of pipe annually.
Texas Gov. Rick Perry: A Luxembourg-based manufacturer is getting $6 million from the Texas Enterprise Fund, he said.