A new metallurgical plant will be built on the shores of the Mexican Gulf

The world's largest pipes manufacturer Tenaris announced on Friday the start of the construction of a metallurgical complex in Bay City, a small town in Texas, USA.

According to experts, investments in the new pipeline factory will amount to more than $ 1 billion 500 million. The design capacity of the missile plant is 600 thousand tons of steel seamless pipes from high -quality steels for the oil and gas industry.

The place to accommodate new capacities was chosen due to the proximity to Houston, where the North American headquarters of the Tenaris apartment is located. “Our new plant will complement the company's global production structure and will expand sales markets in North America,” the chairman of the board and chief executive director of Tenaris Paolo Rockka commented on the press service.

“The best confirmation of the favorable economic climate in Texas is precisely the investment projects like this” said the Governor of Texas Rick Perry, - “Large -scale investments made today emphasize that Texas will further remain the best place for business development.”

“Starting the new metallurgical plant will increase our local production and expand the service capabilities to meet the growing needs of the US energy industry,” the president of the North American branch of Tenaris German Kura, “We are grateful to the state authorities for support in Bey City.”

The construction of a new pipe plant will have a significant direct and indirect influence on the economy in the region. The circuit plant will create more than 600 new jobs and raise the infrastructure of the region.

In addition, Herman Kura said that for his company "Environmental Protection and Production Safety are priority tasks." The plant will be built according to the most stringent environmental safety standards, using new technologies allowing to reduce emissions into the atmosphere to the size established by federal law, the president of the North American branch of Tenaris promised.

It is planned to bring to the normal level of production the new skill in 2016.