|6/27/2014 9:08:00 AM|
Port of Corpus Christi welcomes new company
Those of us living in the Coastal Bend have noticed the increased interest in Texas as a great place to do business.
I was recently invited by the Port of Corpus Christi and Voestalpine Texas to celebrate the ground breaking of a $740 million facility at the Port's La Quinta Trade Gateway.
This Austrian steel and technology group broke ground on their largest foreign direct investment project to date on April 23. The facility will produce high quality Hot Briquetted Iron (HBI) and is anticipated to create 1,000 jobs during the construction phase. Once operational, Voestalpine Texas will employ 150 people.
"We are excited about what the future holds for Voestalpine Texas.
"Their forward thinking, and desire for sustainable growth is something that we are proud to have a part in." said Port Chair Judy Hawley.
The company chose the Coastal Bend due to the logistics of the Port of Corpus Christi, available natural gas from the Eagle Ford Shale, highly skilled workforce and political stability.
The property of the facility offers deep water ship access and excellent highway and rail service.
Annually, the facility will produce about two million tons of HBI per year, using natural gas.
About half of the production will be shipped back to Austria, while the other half is expected to be bought by international customers.
As Vice Chairman of the International Trade Committee, I am pleased to welcome Voestalpine to the Coastal Bend.
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