LINCOLN, Neb. (AP) — A Texas-based manufacturer plans to expand its operations into Nebraska and bring an estimated 200 jobs to the Norfolk area thanks to the help of local governments and a steel company, officials announced Thursday.
Tejas Tubular Products Inc. is expected to begin construction on a new, 350,000-foot facility later this year, with a target completion date in 2015. The company is a leading supplier of alloy products and other materials used in gas and oil wells, serving customers throughout the world.
Company executives made the announcement during a news conference at the Nebraska Capitol, along with Gov. Dave Heineman and community and business leaders from the Norfolk area.
The company will apply for tax incentives under the Nebraska Advantage Act, a state law designed to lure business investment to the state. The company needs a minimum investment of $109 million and 50 new jobs to qualify.
The state is also contributing $1.4 million from a site building and development fund, and Norfolk has earmarked $3.6 million for the project.
Nucor Steel Bar Mill of Norfolk will also provide more than 150,000 tons of steel products for the pipeline company in a business agreement. The steel products include casing, drill pipe and line pipe for oil and gas production.
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