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AICEP
Agência para o Investimento e Comércio Externo de Portugal

CABEÇALHO

Compañía portuguesa invertirá $ 6 millones en nuevas instalaciones de Memphis

Portugal-based Metalogalva Group is opening its first U.S. facility in Southeast Memphis, a $6 million plant that will employ 129 people.

 

The Tennessee Department of Economic and Community Development announced Wednesday, Feb. 8, MSS Steel Tubes USA LLC will open a plant at 4129 Outland Road, which is near Lamar Avenue and East Raines Road.

 

The average salary of the jobs will be $47,000.

 

“Our strong business climate and unmatched workforce make Tennessee the ideal place for global manufacturers like MSS Steel Tubes to thrive,” Gov. Bill Lee said in a statement. “I thank this company for its commitment to job creation across Memphis and look forward to this company’s continued success.”

 

MSS Steel Tubes USA is a subsidiary of MSS Steel Tubes SA, which is owned by Portugal-based Metalogalva Group in partnership with Brazil-based Soufer Group.

 

The facility will be used as a distribution and manufacturing hub for MSS Steel Tubes. The company helps provide parts for solar panel manufacturers.

 

“Our business is heavily reliant on quick, affordable, and reliable transportation, and no city fits our needs better than Memphis,” Metalogalva chief financial officer Margarida Caetano said in a statement. “This region is a destination of choice for manufacturers, and we’re excited to become part of the fabric of this community.”

 

Ted Townsend, CEO and president of the Greater Memphis Chamber of Commerce, said the region is attractive to manufacturers.

 

“We expect more manufacturing projects to choose Memphis as we build up our innovation economy and establish the Digital Delta as a global hub of inclusive jobs and advanced industries,” Townsend said.

 

Besides the Chamber, several local and state entities helped recruit Metalogalva, including the Tennessee Valley Authority, Memphis Light, Gas and Water, Memphis Shelby Economic Development Growth Engine and the TNECD.

 

Last year, the Chamber announced plans for its Prosper Memphis initiative, which plans to add 50,000 additional jobs and 700 advanced industry companies to the Memphis market by 2030.

 

Since 2018, the TNECD has helped bring 9,200 jobs and over $3 billion in capital investment to Shelby County.

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