Array Technologies And Lock Joint Tube Collaborate On New Steel Tube Mill In Texas
Portfolio Pulse from Happy Mohamed
Array Technologies (NASDAQ:ARRY) has entered into an agreement with Lock Joint Tube to secure supply from a new steel mill in Texas, dedicated to manufacturing utility-scale solar tubing. The mill will use locally sourced steel, aligning with Array's intent to provide the highest US domestic content in the industry. This collaboration will create new manufacturing jobs and use automation technology for optimal efficiency in production.
July 20, 2023 | 12:47 pm
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Array Technologies' partnership with Lock Joint Tube for a new steel mill in Texas could boost its domestic supply chain and create new jobs, potentially increasing its market share in the utility-scale solar sector.
The partnership with Lock Joint Tube allows Array Technologies to secure a supply of domestically sourced steel for its solar projects. This aligns with the company's intent to provide the highest US domestic content in the industry, potentially giving it a competitive edge. The creation of new manufacturing jobs and the use of automation technology for optimal efficiency in production could also enhance the company's reputation and market position.
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