NILES -- Local excitement resonating from Thursday's announcement that VAM USA LLC would follow through on plans to build a new $81.5 million pipe threading plant in Youngstown wasn't coming only from potential workers and building contractors.
Construction phases of manufacturing facilities like VAM USA brings countless engineers and contractors to the area, hotel and travel experts said last week. And even after construction is done, there is much to look forward to, according to those in the hospitality industry.
"You start seeing mills and more suppliers, and that's good because that's the kind of stuff that's going to stay," said Dave Mangus, area director for TMI Hospitality, the hotel operations firm that is building the new Residence Inn by Marriott at Eastwood Mall. The hotel has been under construction for more than a year and is projected to open for business in May.
VAM USA, billed as the nation's leading supplier of premium threaded connections for the oil and gas industry, and a sister company to the Vallourec Star pipe mill in Youngstown, announced last week it would purchase and develop property for a new threading plant on Ohio Works Drive in Youngstown.
The planned 67,000-square-foot facility will thread VAM connections on pipe produced at the adjacent Vallourec Star mill and destined for the North America oil and gas shale plays.
The oil and gas industry has been especially good for the local hotel industry, and the creation of permanent energy-related manufacturing facilities only helps area hotels in their never-ending quest to keep their rooms filled.
Read more in the Sunday Business section of the Tribune Chronicle.