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....
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