Company to expand pipe plant; investment could reach $50M
Published: April 10,2013
HERNANDO — A German pipe maker is expanding in North Mississippi, announcing it will spend $30 million to $50 million on a pipe finishing facility in Hernando and create 70 new jobs.
Schulz Xtruded Products is the Mississippi division of Wilh. Schulz GMBH, based in Krefeld, Germany. SXP has a plant in Tunica County that manufactures stainless-steel pipes for the oil and gas industry.
The company said operations in Hernando are expected to begin in two to three weeks in the new facility that SXP built quietly over the last three months.
Mayor Chip Johnson tells The Commercial Appeal the city and SXP had been working on the project for nine months.
Company officials say the demand for corrosion-resistant pipes prompted their decision to locate in DeSoto County.
To sign up for Mississippi Business Daily Updates, click here.
Top Posts & Pages
- Bids on reworking Interstate 55 stretch are rejected
- Spivey named Under 40 Business Person of the Year by the Mississippi Business Journal
- JACK WEATHERLY: Economic development in these parts is a ‘family’ business
- Hosemann to launch crowd funding program
- CFPB wants repay ability at center of new payday loan rules
- ALAN TURNER: Education in Mississippi – good and bad news
- Terminal upgrade on indefinite hold at Jackson International Airport
- JOSH MABUS: The Tao of Road House
- Answering the Bell: Interim Ole Miss law school dean well-regarded for directing hands-on clinical training