Steel Markets
MSS Steel Tubes to Open Plant in Memphis
February 10, 2023
MSS Steel Tubes USA LLC is investing $6 million to open its first US steel tubes production plant in Memphis, Tenn.
The company is a subsidiary of Portugal-based MSS Steel Tubes SA, owned by Portugal-based Metalogalva Group in partnership with Brazil-based Soufer Group.
“We are thrilled to open this new plant in Memphis subject to approval of local programs,” Margarida Caetano, CFO of Metalogalva, said in a statement put out by the Greater Memphis Chamber. “Our business is heavily reliant on quick, affordable, and reliable transportation, and no city fit our needs better than Memphis.”
The decision to locate in Memphis will help MSS Steel Tubes better serve its US customer base of solar panel manufacturers, the statement said. The plant is expected to create nearly 130 jobs.
By Ethan Bernard, ethan@steelmarketupdate.com
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