Steel Products Prices North America
South Korean Company To Build New OCTG Mill in Texas
Written by Laura Miller
July 12, 2023
A South Korean pipe and tube manufacturer is planning to build a new oil country tubular goods (OCTG) mill just north of Houston.
Husteel, part of South Korea’s Shinan Group, is set to build a $122-million greenfield OCTG facility in Splendora, Texas, according to industrial equipment manufacturer Fives Group.
Paris-based Fives said it has already signed a contract with Husteel for the design, supply, and installation of a pipe mill to produce welded OCTG in diameters of 60- to 114-milimeters, with wall thicknesses up to 10mm.
“The new plant in Texas will be our first facility in the US. We are relying on Fives’ presence in the local market, its long-standing reputation as a supplier of reliable equipment, and their vast experience. We look forward to starting production in this new facility in 2025,” Hoon Park, CEO of Husteel, said in a statement.
The deal represents the largest fully integrated contract in Fives’ history, according to Jon Dunn, president and CEO of Fives Bronx, Fives’ subsidiary in the US and UK.
By Laura Miller, laura@steelmarketupdate.com
Laura Miller
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