French pipe manufacturer Vallourec cut the ribbon yesterday on a new facility at their Youngstown, OH location. The former V&M Star facility (now renamed to Vallourec Star) manufacturers pipe for the oil and gas industry–in particular the rapidly expanding Marcellus and Utica Shale drilling industry. The pipe manufactured at the new plant will not only service the northeast but will be shipped around the world.
Vallourec invested $1.5 billion in the new plant where there are now 350 employees, many of them formerly out of work pipe workers from the Mahoning and Shenango Valley area. In addition to 350 employees at the pipe plant, Vallourec employs another 350 at their adjacent steel mill. Coming soon, another 100 jobs at a new threading plant in the same compound…
More than two and half years ago V&M said they would build a new $650 million steel pipe plant in Youngstown, Ohio and create 350 new jobs (see this MDN story). The new plant would manufacture steel pipes used in Marcellus and Utica Shale drilling. Last week the first pipe to be produced at the promised plant rolled (pun intended) off the production line.
But just what kind of pipe is V&M making for the shale drilling industry? A special kind of pipe called OCTG…
The Vindicator (Feb 16)
V&M delivers plant, 350 jobs
Youngstown, Ohio is getting a new $650 million pipe mill and 350 new jobs due to Marcellus Shale drilling. V&M Star Steel has just announced they are building a new plant in Youngstown because of its proximity to the Marcellus Shale deposit. The new mill will manufacture pipes used in drilling in the Marcellus, according to V&M president, Roger Lindgren. The mill is expected to start operations in 2011, and be up to full capacity in 2012. Although this is a new plant and new construction, it is an expansion of V&M’s existing operation in Youngstown, built on property next to their current facility.