NEW YORK 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, England said.
Atlanta-based Hill 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 statement.