Tenaris announces $1.5 BILLION Eagle Ford pipe plant, 600 jobs TX.
Tenaris announces $1.5B Eagle Ford pipe plant
Simone Sebastia, Express-Newshttp://analytics.apnewsregistry.com/...58/E/prod/AT/A
By Simone Sebastian
Updated 11:51 am, Friday, February 15, 2013
- http://ww2.hdnux.com/photos/14/21/04.../3/628x471.jpgWelding crews are busy laying pipelines such as this one east of Karnes City, Texas in order to get oil and gas extracted from the Eagle Ford shale formation to market. Pipelines are critical because hauling by truck is more expensive. JOHN DAVENPORT/jdavenport@express-news.net
Photo: JOHN DAVENPORT, San Antonio Express
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Tenaris, an international company with 4,000 employees in the United States, announced Friday it will build a $1.5 billion pipe mill in Matagorda County to serve drillers in the Eagle Ford and other unconventional shale plays.
The plant, announced during a crowded news conference in Bay City attended by Gov. Rick Perry and dozens of area politicians and economic development officials, is scheduled to open in 2016. The company said it will produce 600,000 tons of tubular goods, primarily casing and tubing used in drilling.
According to the announcement, the plant will employ 600 people in direct manufacturing jobs, at an average salary of $66,000.
“With this investment, we will strengthen our local production and service capabilities to address the growing demands of the energy industry,” German Cura, president of Tenaris' North American division, said in a statement.
Tenaris also has operations in Houston, its North American headquarters, and Conroe.
jeannie.kever@chron.com
Tenaris announces $1.5B Eagle Ford pipe plant - San Antonio Express-News
