Global pipe manufacturer Tenaris will be adding to its U.S. facilities, investing $1.3 billion in a new steel pipe manufacturing plant in Matagorda County, Texas Gov. Rich Perry announced Friday.
Tenaris, a manufacturer of steel pipe products used for drilling in the energy industry, is based in Luxembourg and has manufacturing facilities in 15 countries around the world. The 1 million square foot Matagorda County facility will include a state-of-the-art seamless pipe mill, heat treatment and premium threading facilities.
Once complete, the mill is expected to produce 600,000 tons of pipe annually. In North America the company has manufacturing facilities in Arkansas, Texas, Louisiana and California and in Canada.
The state is providing $6 million through the Texas Enterprise Fund to close the deal on the new facility, which will create 600 jobs.
“We appreciate the assistance provided by the Governor, his staff and the many local officials involved in this significant milestone for Tenaris,” said German Cura, president of Tenaris North America. “We chose Texas and Matagorda County because of the strong business climate and its proximity to transportation hubs, a skilled workforce and Houston, which is the epicenter of the energy industry and home of Tenaris’ North American headquarters.”
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