Tenaris nabs incentives for new Texas facility

Jun 14, 2013 | 05:48 PM | Thorsten Schier

Tags  Tenaris, tax incentives, Bay City mill, oil country tubular goods, OCTG, Thorsten Schier

NEW YORK — Tenaris SA’s new seamless oil country tubular goods mill in Bay City, Texas, has been approved for an incentive package by the state’s Matagorda County.

Under the agreement, the company won’t have to pay property tax on the plant, including "machinery, equipment, inventory and supplies installed, added, replaced, upgraded or used on the premises by or for (the) company" beyond "the assessed value of such land for the 2013 tax year" for the first 10 years after the....

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