Below is a press release from The Mississippi Development Authority:
Altex Tube LLC is locating a new manufacturing plant in Columbus. The project represents a corporate investment of nearly $110 million and will create 58 direct jobs.
Altex Tube, which is locating on the Steel Dynamics campus in Golden Triangle Industrial Park, will manufacture black and pre-galvanized steel tubing in various sizes using coil products produced by SDI.
“As a Mississippi State graduate, I’m thrilled to be relocating back to Mississippi. Altex Tube is thankful for local and state support throughout this process of building a world class HSS and mechanical tube mill in the Golden Triangle. Our new mill, supplied by MTM Spa, will utilize the latest technologies available to manufacture black and pre-galvanized steel tubing ranging in size from 1 inch to 6 inches square and 1.25 inches to 7.625 inches round, up to 48 feet in length and thicknesses ranging from .060 inches to .375 inches. Altex Tube will be built in two phases with phase one scheduled to be operating by mid-2023.” — Zach Smith, President and CEOAltex Tube
A groundbreaking will take place at 1923 Airport Road in Columbus on Thursday, July 14, at 10 am with Governor Tate Reeves, company officials and local dignitaries set to speak.
“We are excited to welcome Altex Tube to the Golden Triangle and thank the company for the strong commitment to our state and local communities. Bringing good-paying jobs and solid corporate neighbors to Mississippi is a top priority of our administration.” – Gov. Tate Reeves
Construction will be underway this summer, and manufacturing will commence in mid-2023 with the second phase of the project also set to begin in 2023.
The Mississippi Development Authority is providing assistance for site preparation. Lowndes County and the city of Columbus are assisting with the project, as well.
“The Mississippi Development Authority has worked diligently with Altex Tube and our economic development partners at the Golden Triangle Development LINK, Lowndes County and the city of Columbus to foster job creation and increase the quality of life in this important region. The jobs provided by Altex Tube will have a significant positive impact across the entire Golden Triangle Region for years to come.” – MDA Deputy Executive Director Laura Hipp
Altex Tube LLC plans to fill positions at the facility over the next few years.