A German company will build a USD 300 million plant in NW Mississippi to manufacture stainless steel pipes for the oil and gas industry. The plant in Tunica County will be the first in North America by Wilh. Schulz GMBH, which is headquartered in Krefeld, Germany. The company will make an initial investment of USD 80 million to create 200 jobs, and then expand to a USD 300 million investment with 500 jobs within five years. Barbour is asking Mississippi lawmakers to approve USD 15 million in bonds for the project. Construction is expected to begin in the next few months and the plant could be open by early 2011. The company’s Mississippi division will be called Schulz Xtruded Products (SXP).