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.