Benteler Steel/Tube announced it will build a new hot rolling tube mill in Caddo, Louisiana, strengthening the company’s position in the North American oil country tubular goods (OCTG) market. The facility – a total investment of nearly $900 million – will be Benteler Steel/Tube’s first U.S. production facility and will create more than 1,000 construction jobs, an estimated 675 full time jobs when at full capacity, and numerous indirect jobs with suppliers and service providers to the plant.
“We are pleased to announce that Northwestern Louisiana will be home to the first U.S. production facility for Benteler Steel/Tube,” said Matthias Jaeger, president and CEO Benteler Steel/Tube GmbH Oct. 26. “With the growing demand for high-quality steel tubes for exploratory drilling in the U.S., and Louisiana’s proximity and access to energy customers, Benteler Steel/Tube’s Caddo Parish plant is poised to play an important role in meeting U.S. domestic energy needs.”…
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via Tangilena.com – Germany s Benteler Steel Tube makes 900 million investment for Caddo plant.
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