A new $75 million facility will break ground in Seguin next year.

The Maruichi Stainless Tube Texas Corporation will break ground on its new 125,000-square-foot facility in Seguin in 2023. The City of Seguin and the Seguin Economic Development Corporation (SEDC) shared the announcement on Wednesday, September 7, that the $75 million facility will be completed in the next two years, according to a news release.

"Maruichi is very excited to expand our manufacturing operations in Seguin, Texas," said Takashi Onishi, president for Maruichi Stainless Tube Company LTD, in the release. "Strategic location, access to a skilled workforce and the partnership and genuine support we've received from the SEDC Board of Directors, the Seguin City Council, and city staff helped solidify Maruichi's decision to locate this project in Seguin. We look forward to contributing to the betterment of the city's economy and becoming the newest member of the business community."

The new facility will create over 106 new jobs over the two-year "ramp up period," according to the release. 

Maruichi Stainless Tube Texas Corporation is a subsidiary of the Maruichi Stainless Tube Company LTD. Since 1959, Maruichi Stainless Tube Company LTD has made "high-quality seamless, stainless steel pipes and tubes fabricated through the hot extrusion process and cold drawing process." The Seguin facility will create seamless stainless steel precision tubes to support customers in the semiconductor industry, according to the release.

Maruichi will build the factory on a 33-acre site at 8th and Guadalupe streets within the Rio Nogales Industrial Park.

"Maruichi’s investment will help diversify and strengthen Seguin's rapidly growing manufacturing industry," said Josh Schneuker, executive director of the Seguin Economic Development Corporation in the release. "Economic development is a team sport and today's announcement would not be possible if it were not for the collaboration between the SEDC, the city, and our regional partner greater: SATX. The hard work over the past few months helped secure this project to the city of Seguin, Guadalupe County, and the San Antonio Region."

Gabriel Romero is the Hill Country reporter for MySA.com. He is a California transplant with a healthy curiosity of the Lone Star State.