Maruichi Stainless Tube Plans Seguin, Texas, Manufacturing Complex
The company will build the 125,000-square-foot facility on a 33-acre site between 8th Street and Guadalupe Street, just south of Interstate 10. Maruichi expects to break ground in the first quarter of 2023, with operations commencing by the first quarter of 2024.
“Maruichi is very excited to expand our manufacturing operations in Seguin, Texas”, said Takashi Onishi, President for Maruichi Stainless Tube Co., LTD. “Strategic location, access to a skilled workforce, and the partnership and genuine support we’ve received from the SEDC Board of Directors, the Seguin City Council, and City Staff helped solidify Maruichi’s decision to locate this project in Seguin. We look forward to contributing to the betterment of the City’s economy and becoming the newest member of the business community.”
As an incentive, The SEDC Board of Directors and the Seguin City Council approved a Purchase and Sale Agreement. The SEDC Board of Directors and Seguin City Council also approved a Performance Based Cash Grant formalized through a Performance Agreement. Maruichi is required to meet capital investment, job creation, and payroll performance benchmarks over the term of the agreement in order to realize the SEDC incentive.
“Maruichi’s investment will help diversify and strengthen Seguin’s rapidly growing manufacturing industry,” added Josh Schneuker, Executive Director of the Seguin Economic Development Corporation. “Economic development is a team sport, and today’s announcement would not be possible if it were not for the collaboration between the SEDC, the City, and our regional partner greater:SATX. The hard work over the past few months helped secure this project to the City of Seguin, Guadalupe County, and the San Antonio Region.”
Since 1959, the Maruichi Stainless Tube Co., LTD has produced high-quality seamless, stainless steel pipes and tubes fabricated through the hot extrusion process and cold drawing process. Products are used in power plants, the chemical industry, the semiconductor industry, hydrogen gas stations, the automotive industry and for structural machinery.
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