DURANT, Okla. (KXII)- Construction is already underway for Tubacex, a plant that will manufacture tubing products for various industries.
City representatives say once the plant is completed, it will bring in 140 jobs to the area.
Tubacex is based in Spain, with production facilities and offices around the world.
However, Tubacex has chosen Durant as their North American headquarters.
Durant Industrial Authority Interim Director Paul Buntz says the manufacturing plant is investing $40-50 million into this project.
"A good central location for them, also the Oklahoma incentives are very attractive, they can locate in Oklahoma and serve Texas at lower costs due to lower tax rates here," said Buntz.
The 150 thousand square foot facility will manufacture steel tubing products for aerospace, nuclear, and oil industries.
Buntz says the average wage will be $55,000 per year.
"Southeastern Oklahoma has been an area of relatively low wages compared to the state and even the U.S. By bringing in higher paying jobs we can raise the standard living in this area so we are excited about that," said Buntz.
According to the latest report from the Census Bureau, Durant's median household income is just under $35,000 a year, which is below state and national average.
However, Durant mayor Jerry Tomlinson says he expects that number to go up with the projected wages of the Tubacex employees.
"New jobs and quality jobs, and well paying jobs means more homes and more families. We're glad to have them. We're glad they chose us. International company, my goodness," said Tomlinson.
The Tubacex plant is expected to be completed in October.
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