Benteler Steel/Tube GmbH has broken ground on its $900-million
oil country tubular goods (OCTG) mill in Louisiana, for which
it is receiving $29 million in incentives from the Port of
Caddo-Bossier, according to port director Eric England.
The facility is
expected to employ about 675 people and be operational by 2015,
International Inc. will provide construction services for the
facility, the company said.
"This is a huge win for our state, as it will be one of the
largest industrial projects in the history of northwest
Louisiana that will change the face of this areas
economy," Louisiana Gov. Bobby Jindal said in the