Primetals Technologies Ltd., a maker of steel production equipment, is looking for a new location for its Worcester operations.

The company has explored multiple sites for its move, which could impact about 275 jobs and lead to the construction of a state-of-the-art production center.

Among those seeking the new center is Sutton, which has offered Primetals a 15-year tax cut if it builds a $28 million facility on vacant land off Route 146. Voters at a town meeting Monday night approved the deal.

Primetals said it is still looking at options.

“Primetals Technologies is in the process of evaluating several sites for an expected move from its existing facilities,” Michael Eldredge, Primetals vice president of mini mills and long rolling, said in a written statement. “We are doing the needed due diligence at this point, but we have not made a decision.”

Primetals is a joint venture of the metals operations of Mitsubishi Heavy Industries Ltd. of Japan and Siemens AG of Germany. The company makes equipment such as mills for metal producers. Based in London, Primetals employs about 7,000 people worldwide.

In Worcester, Primetals manufactures at 40 Crescent St. The company rents the complex, which includes a 228,000-square-foot factory building that dates to 1860. The company also has offices in the Gateway Park research complex on Prescott Street.

Primetals told Sutton voters it wants to consolidate its two Worcester facilities into one space that would hold its U.S. headquarters plus research, development and manufacturing activities. The company is proposing to build a 183,000-square-foot facility at 85 Gilmore Drive.

“We’ve been told we’ve been short-listed from a number of different communities,” said Sutton Town Administrator James A. Smith. “We’ve been doing everything in our power to push this forward.”

Worcester officials hope to keep the company in the city.

"The city, with the support and assistance of our partners on the Economic Development Coordinating Council, continue to engage in discussions with Primetals to identify a site and retain them in Worcester,” Worcester Chief Development Officer Michael E. Traynor said in a statement.

Timothy P. Murray, chamber president and chief executive, said two of the issues facing Worcester as it competes for businesses are property tax rates and land for construction. Commercial and industrial property in Worcester is taxed at $34.03 for every $1,000 of assessed value. Sutton taxes all property at the single rate of $16.55 per $1,000 of assessed value. The city also has relatively few sites ready for new construction, Mr. Murray said.

“Whenever we can create pre-approved sites, it makes it easier for companies to expand or come (here) to work,” Mr. Murray said.