RICHMOND — A welded steel tube manufacturer has announced it will move into the former Matthews International facility on the city's far-east side, bringing 30 new jobs by 2024.

Phillips Tube Group plans to invest $8.2 million into the building at 401 Industrial Parkway. The company says it will pay the full-time employees an average hourly wage of $26 (before benefits).

The company will receive a $98,500 Economic Development Income Tax grant to be used to offset the cost of building renovations, acquiring and installing equipment, and employee training. Both the Economic Development Corporation of Wayne County board and the Wayne County commissioners have signed off on the grant.

"Our investment in this facility represents the most technologically advanced machinery and processing equipment in the industry," EDC President Valerie Shaffer said in a statement. "The company's plans to make the Richmond facility a high technology center demonstrates their confidence in this location."

Phillips Tube Group also has applied for a pair of 10-year tax abatements from the city of Richmond. One is for $400,000 of real estate and the other for $6.4 million of equipment. Both ordinances have been sent to Richmond Common Council's tax abatement committee for study and should return to council for public hearings on Monday, Aug. 3.
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