Wilh. Schulz GmbH, headquartered in Krefeld, Germany and the world’s leading supplier of stainless steel pipes and piping components broke ground on a $300-million pipe manufacturing plant today in Tunica County, Mississippi.
The plant is Wilh. Schulz GMBH’s first manufacturing facility in North America and slated to begin production in December. Construction on the 450,000-square-foot installation is set to begin May 1.
Schulz GmbH will initially invest $ 90 million and is expected to create 200 jobs. Over the next five years the company plans to increase the investment to $300 million, boosting the number of new jobs to 500. The company’s Mississippi division will be known as Schulz Xtruded Products, or SXP.
Tunica County faced strong competition from numerous locations all over the country. The company decided in its favor because of the existing infrastructure, the available land and the governmental cooperation.
Earlier this year the Legislature approved an incentive package, providing $15 million in bonds to help with the construction, and guaranteeing a $20 million loan to help the company buy $60 million in heavy equipment.
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