Port of Vancouver OKs pact with company seeking to build tubing mill

By The Columbian, October 15, 2014

Port of Vancouver commissioners voted unanimously Tuesday to approve a purchase and sale agreement with a company seeking to build a 160,000-square-foot steel tubing mill.

 

Under the deal, the port will sell 9.6 acres of its Centennial Industrial Park to Maruichi Northwest LLC, which plans to construct and launch operations sometime in late 2015 or early 2016. The mill could employ up to 50 people.

 

A due diligence process will follow the commission’s approval. That will include settling environmental, engineering and permitting issues before the deal closes.

 

Maruichi would invest at least $30 million in its planned facility, including property, buildings and manufacturing equipment. The port’s agreement imposes several restrictions on the company’s use of the land, including allowing the port to repurchase the parcel under certain circumstances.

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