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MSS Steel Tubes USA LLC, a subsidiary of Portugal-based MSS Steel Tubes SA, will invest $6 million to establish its first U.S. production facility in Memphis, Tennessee, creating 129 new jobs. The facility will serve solar panel manufacturers.
Metalogalva, part of Vigent Group, acquired 49% of French steel engineering company Petitjean from Saudi group Al-Babtain, with an option to buy the remaining 51%. The deal value was not disclosed.