Current:Home > Finance$35M investment is coming to northwest Louisiana, bringing hundreds of jobs -MoneyBase
$35M investment is coming to northwest Louisiana, bringing hundreds of jobs
View
Date:2025-04-16 13:57:52
MANSFIELD, La. (AP) — An India-based pipe manufacturing company plans to bring its first U.S. production facility to northwest Louisiana, state officials said.
Global Seamless Tubes and Pipes’ $35 million project will bring 135 direct new jobs to DeSoto Parish and more than 250 indirect jobs to the area, Louisiana Economic Development said in a news release Thursday.
“As a natural gas hub and a key player in the international energy supply chain, Louisiana is a natural choice for our second production facility, our first in the Western Hemisphere,” Global Seamless President A.R. Biswas said.
Biswas added that the new plant will allow them to serve customers with a local supply chain.
“This investment will promote growth in our rural communities while providing support to Louisiana’s oil and gas industry,” LED Secretary Susan B. Bourgeois said.
The company is a leading manufacturer and exporter of carbon, alloy and stainless-steel cold drawn and hot finish seamless tubes and pipes, the release said. It exports to industry customers in more than 10 countries worldwide.
“This project will breathe new life into what was once a thriving manufacturing facility located in Mansfield and provide our residents with more career opportunities,” DeSoto Parish Police Jury Parish Administrator Michael Norton said. “We look forward to this project and the possibilities it will provide for the community and the good people with Global Seamless Tubes and Pipes.”
Engineering and design of the former Hensley Industries facility is currently underway, with construction and installation of the first production line expected to follow shortly after. The company estimates commercial operations to start by the end of the year.
“This venture will spark our local economy and bring needed quality jobs to this community. We will definitely embrace our new business owners and work with them to make this a smooth transition,” Mansfield Mayor Thomas Jones, Jr. said.
veryGood! (72684)
Related
- $73.5M beach replenishment project starts in January at Jersey Shore
- Horoscopes Today, September 1, 2024
- Next eclipse in less than a month: When is the annular 'ring of fire' and who will see it?
- Coco Gauff's US Open defeat shows she has much work to do to return to Grand Slam glory
- Dick Vitale announces he is cancer free: 'Santa Claus came early'
- On Labor Day, think of the children working graveyard shifts right under our noses
- Adele reveals she's taking an 'incredibly long' break from music after Las Vegas residency ends
- US closes 5-year probe of General Motors SUV seat belt failures due to added warranty coverage
- EU countries double down on a halt to Syrian asylum claims but will not yet send people back
- Jenn Tran’s Ex Matt Rossi Says His Bachelorette: Men Tell All Appearance Was Cut
Ranking
- North Carolina justices rule for restaurants in COVID
- Meet the Hunter RMV Sherpa X-Line, the 'affordable' off-road RV camper
- Hundreds of ‘Game of Thrones’ props are up for auction, from Jon Snow’s sword to dragon skulls
- Fantasy football 2024 draft rankings: PPR and non-PPR
- Costco membership growth 'robust,' even amid fee increase: What to know about earnings release
- Republicans in Massachusetts pick candidate to take on Sen. Elizabeth Warren
- Horoscopes Today, September 1, 2024
- Steelers' Arthur Smith starts new NFL chapter with shot at redemption – and revenge
Recommendation
This was the average Social Security benefit in 2004, and here's what it is now
US Open: No. 1 Jannik Sinner gets past Tommy Paul to set up a quarterfinal against Daniil Medvedev
Florida State coach Mike Norvell addresses 'failure' of stunning 0-2 start
NASA says 'pulsing sound' inside Boeing Starliner has stopped, won't impact slated return
Newly elected West Virginia lawmaker arrested and accused of making terroristic threats
Gun shops that sold weapons trafficked into Washington, DC, sued by nation’s capital and Maryland
Body of missing Myrtle Beach woman found under firepit; South Carolina man charged: Police
Russian missile strike kills 41 people and wounds 180 in Ukrainian city of Poltava, Zelenskyy says