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TEF helps with funding manufacturing expansion in GreenvilleAugust 21, 2013
Fritz Industries Inc. is opening a manufacturing and office facility in Greenville that will create 250 jobs and $37.5 million in capital investment.
The state is providing $800,000 through the Texas Enterprise Fund to close the deal on this expansion and job creation.
Gov. Rick Perry’s office announced the investment today.
"Texas continues to be a national example for creating jobs and opportunity thanks to our low taxes, smart regulations, fair courts and skilled workforce," Perry said. "This TEF investment in Fritz Industries will create hundreds of jobs in Greenville, pump millions of dollars in capital into the local economy, and further strengthen our state's economy."
Fritz Industries manufactures products used in drilling and cementing, and stimulation fluids for oilfield service companies. The company conducts research and development to improve productivity in new oil and gas wells and extend the life of existing wells. Employees at this facility will fill production, supply chain, quality assurance, engineering, maintenance, information technology and human resources positions, according to a news release from the governor’s office.
"Fritz Industries is an employee-owned, Texas-based company, and we are proud to make this significant investment in the city of Greenville," Fritz Industries President and CEO Dan Montgomery said. "This Texas Enterprise Fund investment will help build a state-of-the-art facility that is critical to introducing new initiatives in the oilfield industry and will create employment opportunities for Greenville residents."