Manufacturer Plans $110 Million Mississippi Tube Mill

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A producer of shell and tube warmth exchangers for the oil and fuel trade plans to determine a brand new tube mill in Northeast Mississippi, state and firm officers introduced.

Edmonton, Alberta-based Altex Tube mentioned it might make investments almost $110 million in a producing plant on the Columbus, Mississippi, campus of metal maker Metal Dynamics. The power will produce black and pre-galvanized metal tubing from Metal Dynamics coils.

Altex President and CEO Zach Smith mentioned the tubes would vary from 1 inch to six inches sq. and 1.25 inches to 7.625 inches spherical. The corporate will supply thicknesses between .06 inches to .375 inches, and the tubes could possibly be so long as 48 ft.

“As a Mississippi State graduate, I’m thrilled to be relocating again to Mississippi,” Smith mentioned within the announcement. 

Development is scheduled to start this summer season. It’s going to happen in two phases and manufacturing within the first part is anticipated to start in mid-2023. 

The state, county, and metropolis are every anticipated to supply monetary help, however quantities weren’t disclosed. The venture is slated to create 58 direct jobs over three years.

Metal Dynamics executives mentioned the plant would “add worth to our mutual clients” whereas offering merchandise and provide chain options to “the rising wants of the structural tube market.” 

Picture Credit score: Mr.PK / Shutterstock.com

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