Feature Photo: Aerial view of where Maruichi Stainless Tube Texas Corporation will build its state-of-the-art 125,000 square foot facility. Image: Seguin Economic Development Corporation/Facebook
Sequin (Guadalupe County) — The Seguin Economic Development Corporation (SEDC) announced that Maruichi Texas Corporation Stainless Steel Tube chose the city to build its state-of-the-art 125,000 square foot manufacturing facility.
Maruichi plans to launch the project in the first quarter of 2023, with operations commencing in the first quarter of 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 start-up period.
Maruichi Stainless Tube Texas Corporation is a subsidiary of Maruichi Inox Tube Co., LTD. headquartered in Shimonoseki, Japan, a group company of Maruichi Steel Tube Co, Ltd.
Since 1959, Maruichi Stainless Tube Co., LTD has been producing high quality seamless stainless steel pipes and tubes made by hot extrusion process and cold drawing process. The products produced by the company are used in power plants, chemical industry, semiconductor industry, hydrogen gas stations, automobile industry and construction machinery.
“Maruichi is very excited to expand our manufacturing operations to Seguin, Texas,” said Takashi Onishi, president of Maruichi Stainless Tube Co., LTD. “The strategic location, access to a skilled workforce, and the partnership and genuine support we have received from the SEDC Board of Directors, Seguin City Council, and City staff have contributed to solidify Maruichi’s decision to implement this project in Seguin. We look forward to helping improve the city’s economy and becoming the newest member of the business community.
Maruichi Stainless Tube Texas Corporation’s future Seguin plant will produce precision seamless stainless steel tubing to support customers in the semiconductor industry. The demand for precision bright annealed (BA) stainless steel tubes used for semiconductor manufacturing is increasing dramatically, driven by the global increase in demand for semiconductors. The Seguin facility will help Maruichi further meet demand in the United States from several large-scale semiconductor manufacturing plant construction projects.
“We are thrilled that Maruichi has decided to build its new manufacturing facility in Seguin, Texas. This project will help create excellent employment opportunities for our residents and contribute to the growth and diversification of our economic base. We are proud that they have chosen to do business in the City of Seguin”, declared the Mayor of Seguin. Donna Dodgen.
Maruichi will build its future Seguin facility on a 33-acre site that will be purchased from SEDC. The site is located between 8th Street and Guadalupe Street, just south of Interstate 10, in the Rio Nogales Industrial Park. The SEDC Board of Directors and Seguin City Council approved a purchase and sale agreement in meetings held on September 6. The SEDC Board of Directors and Seguin City Council also approved a performance-based cash grant formalized through a performance agreement. Maruichi is required to meet capital investment, job creation and payroll performance benchmarks over the term of the agreement in order to achieve the SEDC incentive.
“Maruichi’s investment will help diversify and strengthen Seguin’s fast-growing manufacturing industry,” said Josh Schneuker, General Manager of the Seguin Economic Development Corporation. “Economic development is a team sport and today’s announcement would not be possible without the collaboration between the SEDC, the City and our regional partner Greater:SATX. Hard work over the past few months has secured this project for the City of Seguin, Guadalupe County and San Antonio area.
VBX Project ID: 2022-637A
Modified from press release.