$300M pipe making plant coming to Tunica Co,

JACKSON, MS (WLOX) - The German company Wilh. Schulz GMBH will open a new $300 million pipe manufacturing facility in Tunica County, creating 500 jobs over the next five years.

"We are delighted Schulz has chosen a site in the Mississippi Delta as the location for its first North American production facility," Governor Barbour said in a news conference with company officials Monday. "I am proud to welcome this industry leader to our state, and I commend company officials for their commitment to doing business in Mississippi and for the jobs they are creating."

Schulz, headquartered in Krefeld, Germany, is a global supplier of piping components. Schulz's Mississippi division will be known as Schulz Xtruded Products, or SXP, and the company's new Tunica County facility will be its first production facility in North America.

"The United States in general and Mississippi in particular is the perfect location for our 'crown investment' supplying the global markets," said Rainer Floeth, managing director and CFO of Schulz. "We were pleased to have worked with state and local officials on this project, and we look forward to doing business in the state in the years to come."

Governor Barbour said he would ask the Legislature to approve state assistance for the project as one of the 2010 Session's first orders of business.

"In today's highly competitive environment for new jobs, we are extremely excited about Schulz's decision to select Mississippi," said Gray Swoope, executive director of the Mississippi Development Authority. "Schulz's new facility in Tunica County will employ state-of-the-art pipe manufacturing processes, and the company found the skilled and dedicated workforce necessary to make these operations a success here in Mississippi. We looking forward to working with company officials long into the future to help this global company continue to thrive and grow here."

Schulz produces and supplies stainless steel and alloy steel seamless pipe products, including seamless and welded pipes, fittings such as elbows, tees, reducers, caps, bends and flanges, and specialized pipe components. They supply pipe components to nuclear power plants in Germany, the United States, China, Taiwan, India, Finland, Brazil, South Korea and other countries. The company also serves the water treatment industry, with a focus on desalination, as well as facilities in diverse areas of the chemical industry.

Schulz operates three production facilities in Germany and two in Brazil, in addition to 14 sales offices, representative offices and distribution facilities around the world, including a regional distribution center in Houston, Texas.