MANFIELD, LA – Global Seamless Tubes & Pipes, a leading manufacturer and exporter of seamless carbon, alloy and stainless steel, cold-drawn and heat-treated pipe and tubing, announced it will invest $35 million to build its first… manufacturing facility in the United States. means.
The Indian company expects to create 135 new jobs directly in DeSoto County. The Louisiana Department of Economic Development estimates the project will indirectly create 251 new jobs, for a total of 386 potential new jobs in the Northwest.
“LED is committed to bringing jobs and economic opportunity to every corner of our state,” said LED Secretary Susan B. Bourgeois. “These investments will stimulate growth in our rural communities while supporting Louisiana’s oil and gas industry. I thank Global Seamless for its investment in Louisiana and our skilled manufacturing workforce, and recognize our state’s commitment to expanding the competitive advantage this business provides.”
Global Seamless exports its products to industry clients in more than 10 countries. Its Louisiana plant will feature state-of-the-art equipment that integrates hot finishing and cold drawing manufacturing processes into one unit, allowing the company to better meet growing demand and serve the North American engineering, oil and gas and energy sectors to create a domestic market. supply chains.
“As a natural gas hub and a key player in the international energy supply chain, Louisiana is a natural choice for our second production site in the Western Hemisphere,” said A.R. Biswas, President, Global Seamless. customers with high-quality services and products, this new facility will allow us to better serve these customers through the local supply chain.”
Seamless pipes and pipes are better able to withstand high pressure and highly corrosive environments, such as those found in the oil and gas industry, because they do not have welds that can become weak links in these environments. These materials are also often used to transport liquids such as water, natural gas, waste and air.
“The DeSoto County Police Jury is satisfied that Global Seamless Tube will rehabilitate the former Hensley plant in DeSoto County to manufacture its products,” said DeSoto County Police Parish Administrator Michael Norton. “This project will breathe new life into Mansfield’s once thriving manufacturing industry and provide additional employment opportunities for our residents. We look forward to this project and the opportunities it will provide to the community and the wonderful people at Seamless Tube around the world.”
Design and engineering for the former Hensley industrial site is currently underway and the first production line is expected to be built and installed shortly. The company expects commercial operations to begin by the end of this year.
“I am pleased that Global Seamless Pipe is opening a manufacturing facility in Mansfield, the county seat of DeSoto County,” said Mansfield Mayor Thomas Jones Jr. “This joint venture will stimulate our local economy and provide much-needed quality jobs to this community. We will certainly welcome new business owners and work with them to achieve a smooth transition.”
To secure the Mansfield project, the State of Louisiana offered Global Seamless a competitive incentive package that included LED FastStart’s comprehensive workforce development solution. It also includes $1.25 million in performance-based grants to offset the cost of improving utilities, roads and facilities. The company is also expected to participate in the Louisiana Quality Jobs Program.
“There is nothing more satisfying in economic development than bringing opportunity back to an area that has lost jobs and companies,” said Justin Dixon, CEO of the North Louisiana Economic Partnership. “With something like Global Seamless, it’s even more fun to work with. a company making its first US investment in northern Louisiana. Thank you again to LED and all the leadership in DeSoto County and Mansfield for helping make this possible.”
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About Global Seamless Tubes Private Limited Global Seamless was established under the Startup India Scheme, an initiative of the Government of India to create employment and economic opportunities. The plant occupies more than 320,000 square feet and can produce 45,000 tons of cold drawn and hot drawn pipe per year. Please visit GlobalSeamless.com for more information.
About LED The Louisiana Office of Economic Development is responsible for strengthening the state’s business climate and creating a more vibrant economy. By 2023, LED has attracted more than $25 billion in capital investment, creating 19,000 potential new and retained jobs. Visit OpportunityLouisiana.gov to learn how LED lighting is creating jobs and economic opportunity for Louisiana residents and employers of all sizes.
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Post time: Jun-19-2024