Gov. Perry Announces Tenaris to Create 600 Jobs in Matagorda County

[Draggingtree]

Office of the Governor Rick Perry:

Gov. Perry Announces Tenaris to Create 600 Jobs in Matagorda County

 

Friday, February 15, 2013 • Bay City, Texas • Press Release

 

Gov. Rick Perry announced that Tenaris will be extending its U.S. investments by building a new steel pipe manufacturing facility in Matagorda County, creating 600 jobs and $1.3 billion in capital investment. The state is providing $6 million through the Texas Enterprise Fund (TEF) to close the deal on this new facility and job creation. The governor recruited company leadership during his economic development trip to Italy last year, and also at the Formula 1 race in Austin.

 

"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."

 

Tenaris is a global manufacturer of steel pipe products used for drilling in the energy industry. The 1 million sq. 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.

[Draggingtree]