Barbour: Plant on hold as company seeks financing

“We’re in touch with them every couple of days and with the people who are financing them,” Barbour said at a news conference Thursday. “We don’t consider anything about it to be fatal to the project. But it does all have to be worked out.”
Barbour had said in late October that he would call lawmakers to the Capitol to consider state incentives for a “very sophisticated, advanced manufacturing” operation.
The governor and state economic officials have not publicly named the company, in keeping with their practice of withholding information about projects until a firm is ready for an announcement.
Lawmakers have said they expect it to be a German company that makes stainless steel pipes for oil and gas production, and that the factory would be built in Tunica County, south of Memphis, Tenn.

AP
12/5/9