Company making $80 million investment in Seguin, bringing 60 NEW jobs

(Seguin) -- The city’s economy continues to grow. The Seguin City Council on Tuesday approved a performance agreement that will allow a new manufacturing company to set up shop in Seguin.

Seguin Economic Development Director Josh Schneuker says Premium Waters, LLC will bring new jobs to the community and make a large capital investment, with the construction of a new facility.

“They are a bottled water manufacturing company. They’re based out of Minneapolis, MN. They operate in 21 locations across the US, and they do both private label and branded products,” said Schneuker.

Schneuker says city officials have been working with this company for months, and they are pleased to be able to bring this project to Seguin. He says the company is making a sizable investment in Seguin, and they will be great addition to the city’s economy.

“The scope of the project that they’re proposing here in Seguin is the construction of a new manufacturing facility on a 27-acre site, located at Freeport Way and Crossroads Blvd -- within the Crossroads Industrial Park area. The project will represent a total capital investment of at least $80 million. And just to put that into context with some of the recent projects that we’ve had, Maruichi (Stainless Tube Texas Corporation) was a $65 million announced project;. Niagara Bottling, at the time, was a $50 million announced project; and Teijin (Automotive Technologies) was a $55 million announced project. So this would be one of the more capital-intensive projects that we have had in recent years,” said Schneuker.

In addition to building its $80 million production facility, Schneuker says the company also is bringing new jobs to the community. He says these are good jobs and will help to boost the wages being offered here locally. Jobs, pg. 3