The Prolamsa Group, a producer of pipe and tubular products in North America with major mills and distribution centers in Mexico and Houston, Texas, announced Tuesday that it will build a new manufacturing facility to produce pipe and tubular products to meet the growing demand of the US oil and natural gas markets. The new investment is part of Prolamsa's plan to grow its presence in the pipe and tube markets in the Americas.
The new investment is expected to exceed $150 million and will have an annual production capacity of 300,000 tons. It is anticipated the plant will begin operations in 2014. The facility will be located in the southeastern US. Several possible sites are currently being evaluated.