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Seguin Chosen For Large-Scale Metal Tube Plant
The Seguin City Council on Tuesday approved a deal that will allow a Japanese company to bring a new manufacturing facility to Seguin.
Maruichi Stainless Tube Texas Corporation is bringing more than 100 new jobs to Seguin at a total annualized payroll of $4.77 million. They are proposing to build a 125,000 square foot facility with a minimum capital investment of $55 million.The plant will be built on 33 acres on 8th Street, south of the United Alloy facility. Maruichi expects to break ground on the project in the first quarter of 2023, with operations commencing by the first quarter of 2024.
Since 1959, the Maruichi Stainless Tube Co., has produced stainless-steel pipes and tubes fabricated through the hot extrusion process and cold drawing process. Products produced by the Company are used in power plants, the chemical industry, the semiconductor industry, hydrogen gas stations, the automotive industry and for structural machinery.
- ◦Sale/Acquisition
- ◦Development
- ◦Policy/Gov't