New Manufacturing Plant Gets Approval
The town of Seguin continues to draw new employment growth. The agreement that would allow a Japanese company to establish a new manufacturing plant in Seguin was approved by the Seguin City Council on Tuesday. More than 100 new jobs will be created, and over $75 million will be invested in a new plant by Maruichi Stainless Tube Texas Corporation in Seguin. The plant will be built on 33 acres on 8th Street, south of the United Alloy factory.
The City and its Seguin Economic Development Corporation (SEDC) has been collaborating with the business to complete this contract. According to Josh Schneuker, director of Seguin’s economic development, this is a significant development for the City of Seguin.
“Maruichi’s choice to erect a new manufacturing facility in Seguin, Texas, is something we applaud. This Project will contribute to expanding and diversifying our economic base while helping to create fantastic employment opportunities for our locals. We are happy that they picked Seguin as their place of operations, said Seguin Mayor Donna Dodgen.
According to Schneuker, Maruichi anticipates starting construction on the Project in the first quarter of 2023 and starting operations in the same period. At least 106 new jobs will be created as a result of the Project, which will require a $75 million capital expenditure.
Using the hot extrusion and cold drawing processes, Maruichi Stainless Tube Co., LTD has been producing high-quality seamless stainless steel pipes and tubes since 1959. The company’s products are utilized in manufacturing structural machinery, chemical plants, semiconductor factories, hydrogen fueling stations, and power plants.
President of Maruichi Stainless Tube Co. Taskashi Onishi says Maruichi is eager to increase its manufacturing capacity in Seguin.
“Maruichi’s decision to establish this Project in Seguin was made easier by its strategic position, accessibility to a talented workforce, and the partnership and sincere support we’ve gotten from the SEDC Board of Directors, the Seguin City Council, and the City Staff.
As the newest business community member, we look forward to helping the City’s economy grow, added Onishi.”
The business will create seamless stainless steel precision tubes at its Seguin site to serve clients in the semiconductor industry. According to Schneuker, the demand for precision Bright Annealed (BA) stainless steel tubes used in semiconductor manufacturing is rising dramatically as a result of the increased demand for semiconductors on a global scale. The Seguin facility will assist Maruichi in meeting the demand in the United States brought on by numerous large-scale semiconductor manufacturing plant projects.
If you want to learn more about setting up your manufacturing plant in Texas, the Texas Economic Development Connection can help you. Check out the Relocation Planning Tool to help find the best fit when you relocate to Texas.
