Tenaris to build $1.5bn plant in Bay City

Tenaris plant: Texas site chosen

Tenaris said on Friday said it would build its previously announced $1.5 billion seamless pipe mill in Bay City, Texas.

The Argentine steel specialist picked Matagorda County for the 600,000-tonne per year plant proposed last June.

“Our new facility will complement our integrated global manufacturing network and work closely with our existing North American operations to further strengthen domestic production,” Tenaris chief executive Paolo Rocca said in a statement.

The project aims to serve pipe demand from expanding US shale production.

It is expected to open in 2016 and generate 600 manufacturing jobs.

“The most profound statement about our favorable economic climate comes when companies like Tenaris make an investment of this…

Become an Upstream member!

Membership includes a subscription to our weekly newspaper providing in-depth news from the energy industry, plus full-access to this site and its archives. Still not convinced? Try our free trial.

Already a member?

Login

Upstream share price index