A global manufacturer of products used for drilling in the energy industry, Tenaris, will extend its U.S. investments by building a $1.3 billion steel pipe manufacturing facility in Matagorda County, Texas, creating an estimated 600 jobs.
The 1 million square foot Matagorda County facility will include a state-of-the-art seamless pipe mill, heat treatment and premium threading facilities. Once complete, the mill is expected to produce 600,000 tons of pipe annually.
"We appreciate the assistance provided by the Governor, his staff and the many local officials involved in this significant milestone for Tenaris," President of Tenaris North America Germán Curá said. "We chose Texas and Matagorda County because of the strong business climate and its proximity to transportation hubs, a skilled workforce and Houston, which is the epicenter of the energy industry and home of Tenaris' North American headquarters. We look forward to a long partnership with the community, and having the Tenaris Bay City facility make a lasting contribution to the state and Matagorda County."
Gov. Rick Perry said the state provided $6 million through the Texas Enterprise Fund to close the deal on this new facility and facilitate job creation. The governor recruited company leadership during his economic development trip to Italy last year.
"This announcement is only possible thanks to the hard work of state and local officials, as well as, the area business community, which always plays a major role in decisions like this," Gov. Perry said. "The most profound statement about our favorable economic climate comes when companies like Tenaris make an investment of this size in our state. That says that not only is Texas the best place to grow your business now, but they're confident that we'll remain that way moving forward."