HOUSTON, TX — Hobas Pipe USA, Inc. (Hobas), a North American manufacturer of corrosion-resistant fiberglass pipe products for water and wastewater related infrastructure, announces a $60-million, five-year capital investment program that will support the continued expansion of their Houston-based manufacturing facility.
"This investment marks our continued commitment to the infrastructure landscape of North America," said Martin Dana, President and CEO of Hobas.
Hobas plays a critical role in rehabilitating and replacing aging infrastructure with its corrosion-resistant, 150-year design life products. The company kicked off the program with the purchase and installation of equipment to become the first U.S.-based manufacturer of non-circular fiberglass shapes for the rehabilitation of non-circular sewer systems.
And to-date, Hobas has deployed 60 percent of the capital to secure technology, equipment, land, and manufacturing infrastructure to support its growth initiatives. The company has also expanded its workforce by 30 percent and expects total job growth to exceed 45 percent when the capital program has been fully executed.
"It is critical we educate the community on the longevity of corrosion-resistant fiberglass pipe, its economic advantages, and the cost savings achieved by using Hobas's 150-year design life products," Dana said.
The remaining capital will be used to further grow the portfolio of products Hobas offers to the water and wastewater infrastructure markets.
Houston-Based Hobas Pipe USA, Inc. Announces $60M Capital Investment Program
