(Richmond, IN)--A manufacturer has announced a new venture in Richmond. Phillips Tube Group, which is a welded steel tube manufacturer, will locate on Industrial Parkway. Phillips will invest $8.2 million and hire 30 people for jobs that pay an average of $26 per hour. It’s expected to take three years for the plant to be fully operational, and there’s no word yet on when hiring will begin. Local and state agencies provided Phillips in excess of $400,000 as part of the deal. The Phillips CEO cited Richmond’s business-friendly environment and proximity to I-70 as reasons for the decision.