Tenaris chooses Texas site for new pipe mill

Feb 15, 2013 | 04:09 PM | Catherine Ngai

Tags  Tenaris, Texas mill, German Cura, Rick Perry, TPCO, pipe mill, seamless pipe mill, Catherine Ngai

NEW YORK — Tenaris SA has chosen Texas as the location for its new $1.3-billion to $1.5-billion seamless pipe mill, the company announced Feb. 15.

The 1-million-square-foot facility, which will be located in Bay City, Texas, will have an annual production capacity of 600,000 tonnes, Tenaris’ North American president Germán Curá said during a news conference.

"This announcement ... is significant. We’re ready to invest $1.3 (billion) to $1.5 billion, which ... is a very strong statement to a variety of things: It’s a strong statement to the development of the domestic energy industry; it’s a strong statement to the renewed growth of the manufacturing sector in North America and Texas; (and) it’s a strong statement to expanding the job base. We’re confident that we made....




Latest Pricing Trends

Poll

Are you stocking more inventory today than 18 months ago?

Yes
No


View previous results