Spain-Based Salem Tube Chooses Durant, Oklahoma, as North American Headquarters

SourceArea Development
Date Published01/10/2019
Author NameArea Development News Desk
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Company/Division name Salem Tube
Parent companyTubacex Group
Type of work Manufacturing
Reshoring category:Foreign Direct Investment
Total number of jobs (added or to be added):140
Year reshoring announced:2019
Capital investment ($):40
Country(ies) from which reshored:Spain
City reshored to:Durant
State(s) reshored to:OK
If relevant, work nearshored to:-
Industry(ies):Fabricated Metal Products
Product(s) reshoredstainless steel tubing & nickel alloy tubes
What domestic positive factors made reshoring more attractive?Eco-system synergies, Government Incentives, Impact on domestic economy
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