Thursday 23 May 2013
Monterrey, Mexico.- Tubacero will start the construction of the first private industrial building to be installed at Interpuerto Monterrey, the Ministry of Economic Development revealed in an invitation for the project kick-off ceremony. The amount to be invested in the project amounts to US$90 million, at facilities that will have two mills to produce steel pipes, with capacity to manufacture around 200,000 tons per year between both of them, inside a 30,000 square meters (almost 323,000 sq. ft.) over a 42.5 hectares land, a business source close to the project informed.
“The company, which will celebrate its 70th anniversary in April 2013, will therefore enter into the helicoid pipelines market, which unlike linear welding pipelines allows for diameters from 20 up to 140 inches, and which may be subject to large pressures for sea or land transportation of hydrocarbons, gas or water”, he said.
“This new Tubacero industrial plant will generate around 350 new direct jobs”.
The source assured that since this is the first private project to be installed at Interpuerto Monterrey, it will highlight the location logistics advantages offered by this industrial park, located to the northeast of Monterrey Metropolitan Area.
Tubacero is a Monterrey-based company founded by the Kane family in 1947, but due to the economic crisis in the early eighties, in 1984 the federal government became the major shareholder.
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