Tenaris announces $1.5B pipe plant in Matagorda County
[FUELFIX] An international manufacturing company with operations around the globe said Friday it will build a $1.5 billion plant in Matagorda County to produce piping to be used in shale drilling operations throughout the United States.
Germán Curá, president of North American operations for Tenaris, said the company was convinced by the incentives offered by Gov. Rick Perry and local economic development officials including a $6 million grant from Perrys Texas Enterprise Fund and by the workforce and infrastructure in Matagorda County, about 90 miles southeast of Houston.
The plant will be a boost to the Matagorda County economy, where unemployment routinely tops the state average and was 9.4 percent in December, according to preliminary figures from the Bureau of Labor Statistics.
The announcement Friday morning drew Perry and an auditorium filled with local politicians and economic development officials, who stood to applaud Curás promise to open an office in Bay City Monday morning.
The plant will have an annual production capacity of 600,000 tons of seamless pipe used in drilling, producing or transporting gas and oil.
It is expected to be completed in 2016 and will employ 600 people, with an average annual salary of $66,000, according to the company.
The countys proximity to the bustling Eagle Ford Shale was a plus, Curá said.
It is one of the most promising fields in the industry. The Eagle Ford has a lot to produce.
But pipe milled in Bay City will also be used in the Bakken, the Marcellus and in shale plays across the country, he said, making the new plant a complement to Tenaris operations already in place in the United States.
Posted by: Fred 2013-02-16