September 16, 2022- Maruichi Stainless Tube Texas Corp. will build a 125,000-square-foot manufacturing facility in Seguin, Texas. Maruichi expects to break ground on the plant during the first quarter of 2023, with operations commencing by first-quarter 2024. The project will represent a total capital investment of $75 million and will result in the creation of at least 106 new jobs over a two-year ramp up period.
Maruichi Stainless Tube Texas is a subsidiary of Maruichi Stainless Tube Co. Ltd., Shimonoseki, Japan, producer of seamless, stainless steel pipes and tubes fabricated through the hot extrusion and cold drawing processes. Products produced by the Company are used in power plants, the chemical industry, the semiconductor industry, hydrogen gas stations, the automotive industry and for structural machinery.
