TEXAS: TENARIS TO BUILD STEEL PIPE MANUFACTURING FACILITY

(The following is a reformatted version of a press release
issued by the Office of the Governor of Texas and received via
electronic mail. The release was confirmed by the sender.) 
Feb. 15, 2013 
Governor’s Press Office: 512-463-1826
Lucy Nashed: lucy.nashed@gov.texas.gov
Josh Havens: josh.havens@gov.texas.gov 
Gov. Perry Announces Tenaris to Create 600 Jobs in Matagorda
County 
MATAGORDA COUNTY - Gov. Rick Perry today announced that Tenaris
will be extending its U.S. investments by building a new steel
pipe manufacturing facility in Matagorda County, creating 600
jobs and $1.3 billion in capital investment. The state is
providing $6 million through the Texas Enterprise Fund (TEF) to
close the deal on this new facility and job creation. The
governor recruited company leadership during his economic
development trip to Italy last year, and also at the Formula 1
race in Austin. 
“This announcement is only possible thanks to the hard work of
state and local officials, as well as, the area business
community, which always plays a major role in decisions like
this,” Gov. Perry said. “The most profound statement about our
favorable economic climate comes when companies like Tenaris
make an investment of this size in our state. That says that not
only is Texas the best place to grow your business now, but
they’re confident that we’ll remain that way moving forward.” 
Tenaris is a global manufacturer of steel pipe products used for
drilling in the energy industry.  The 1 million sq. foot
Matagorda County facility will include a state-of-the-art
seamless pipe mill, heat treatment and premium threading
facilities.  Once complete, the mill is expected to produce
600,000 tons of pipe annually. 
“We appreciate the assistance provided by the Governor, his
staff and the many local officials involved in this significant
milestone for Tenaris,” President of Tenaris North America
Germán Curá said. “We chose Texas and Matagorda County because
of the strong business climate and its proximity to
transportation hubs, a skilled workforce and Houston, which is
the epicenter of the energy industry and home of Tenaris’ North
American headquarters. We look forward to a long partnership
with the community, and having the Tenaris Bay City facility
make a lasting contribution to the state and Matagorda County.” 
“Matagorda County’s rich history and vast range of recreational
opportunities makes it an ideal location for business
investments.  I am so pleased that the Texas Enterprise Fund was
available to help recruit this major investment and bring much
needed jobs to Matagorda County,” State Senator Glenn Hegar
said.  “Matagorda County will still be known as number one in
Christmas bird count, but now we can add a major steel pipe
manufacturing facility to the list of reasons to live and work
at the mouth of the Colorado River.” 
“Today’s announcement is a tremendous win for Matagorda County
and the State of Texas.  Tenaris’ decision to locate its
facility in Matagorda County has boundless positive implications
for our local and state economies,” State Representative Dennis
Bonnen said. “I congratulate them and welcome their expansion to
my House district.  The collaborative effort of local and state
leaders working together to bring this investment to Texas
exemplifies our desire to maintain our state’s standing as the
#1 business climate in the nation.” 
“I would like to thank the State of Texas, Tenaris and the
Matagorda County Economic Development team for working together
seamlessly to bring this great company to our area.” Matagorda
County Judge Nate McDonald said. “This is a principled and well
managed company, and I am pleased to welcome them as our partner
in Matagorda County.” 
The Legislature created the TEF in 2003 and has re-appropriated
funding in every legislative session since then to help ensure
the growth of Texas businesses and create more jobs throughout
the state. TEF projects must be approved by the governor,
lieutenant governor and speaker of the House. The fund has since
become one of the state’s most competitive tools to recruit and
bolster business. To date, the TEF has invested more than $493
million and closed the deal on projects generating more than
66,300 new jobs and more than $18.6 billion in capital
investment in the state. 
For more information about the TEF, please visit
http://www.texaswideopenforbusiness.com/incentives-financing/tef.php or http://www.governor.state.tx.us. 
(bjh) NY 
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