Fort Worth Chamber
The ribbon cutting at the new Andes Coil, from left, David Murray, CEO, Alphagraphics; Angie Connolly, general manager, Andes Coil; Craig Olson, account manager, Fort Worth and Western Railroad; Kevin Erasmus, president and CEO, Fort Worth and Western Railroad; Benji Hubbard, senior director of business development, Fort Worth and Western Railroad; Nikhil Amin, CEO, Andes Coil; Romit Cheema, president and CEO, CanTex Capital; Rocko Bell, Fort Worth Chamber ambassador; Sam Cheema, COO, CanTex Capital; Jay Malhan, director of assets, CanTex Capital; Todd Hubbard, managing principal and president, NAI Robert Lynn (Fort Worth).
Andes Coil Processors, a leader in the steel processing and slitting industry, on Thursday announced its expansion to Sylvania Industrial Park in Fort Worth.
Andes Coil Processors is a toll processor of most grades and types of carbon and alloy steel.
Locally, it has sites of operations in Dallas, Grand Prairie, and Lewisville.
“We are excited about our expansion into Fort Worth, it feels like we are coming home,” says Howard Pena, president of Andes Coil Processors, in a statement. “Andes Coil Processors has experienced significant growth in the past 12 years in Lewisville, Dallas and Grand Prairie, and Fort Worth now adds significantly to that continued growth. Fort Worth offered the ease of access [rail and interstate roadways], a strong workforce, and quality of life we wanted for our team members. We can’t wait to get to work.”
The company worked closely with CanTex Capital in the site selection process.
“We couldn’t be happier with our partnership with CanTex in the Sylvania Industrial complex, and with Fort Worth & Western Railroad — it’s been great to work with them during this process,” Pena adds.
Sylvania Industrial Park, formerly the site of the American Manufacturing of Texas plant, was once a major manufacturing hub with thousands of workers producing billets and oil pump jacks. The manufacturing facility will bring 30 to 50 new jobs and a $5 million capital investment to Fort Worth.
CanTex Capital is a Dallas-based commercial real estate investment firm that currently owns, manages, and operates approximately 4 million square feet of infill industrial on more than 315 acres in Dallas-Fort Worth, according to the Fort Worth Chamber.
Says Sam Cheema, COO of CanTex Capital: “Because of local partners like the Fort Worth Chamber and the Fort Worth and Western Railroad, we’ve been able to bring Andes Coil to Fort Worth. Rail-served properties are becoming harder and harder to come by, and FWWR worked diligently to make this deal happen. In addition to Andes, our team is very excited with all of the improvements at Sylvania Industrial Park. The manufacturing demand has been incredible and we’re seeing a lot of companies relocating to Fort Worth.”