Current:Home > Stocks$35M investment is coming to northwest Louisiana, bringing hundreds of jobs-LoTradeCoin
$35M investment is coming to northwest Louisiana, bringing hundreds of jobs
View Date:2024-12-23 23:34:56
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! (68)
Related
- 'Cowboy Carter' collaborators to be first country artists to perform at Rolling Loud
- Elijah McClain’s final words are synonymous with the tragic case that led to 1 officer’s conviction
- How Travis Barker’s Daughter Alabama Barker Gets Her Lip Filler to Look Natural
- Attorney general investigates fatal police shooting of former elite fencer at his New York home
- Groups seek a new hearing on a Mississippi mail-in ballot lawsuit
- Darren Aronofsky says new film at Sphere allows viewers to see nature in a way they've never experienced before
- Vermont police get more than 150 tips after sketch of person of interest released in trail killing
- Darren Aronofsky says new film at Sphere allows viewers to see nature in a way they've never experienced before
- Does the NFL have a special teams bias when hiring head coaches? History indicates it does
- 17 Florida sheriff's office employees charged with COVID relief fraud: Feds
Ranking
- Stop What You're Doing—Moo Deng Just Dropped Her First Single
- Man charged with stealing ‘Wizard of Oz’ slippers from Minnesota museum expected to plead guilty
- European Union launches probe as Musk's X claims it removed accounts, content amid Israel war
- Ex-Indiana officer gets 1 year in federal prison for repeatedly punching handcuffed man
- Trump breaks GOP losing streak in nation’s largest majority-Arab city with a pivotal final week
- What is Friday the 13th? Why people may be superstitious about the day
- The 13 Best Good Luck Charms for Friday the 13th and Beyond
- A doctors group calls its ‘excited delirium’ paper outdated and withdraws its approval
Recommendation
-
Joey Logano wins Phoenix finale for 3rd NASCAR Cup championship in 1-2 finish for Team Penske
-
7 elementary school students injured after North Carolina school bus veers off highway, hits building
-
Muslims gather at mosques for first Friday prayers since Israel-Hamas war started
-
Mapping out the Israel-Hamas war
-
How Saturday Night Live Reacted to Donald Trump’s Win Over Kamala Harris
-
Microsoft’s bid for Activision gets UK approval. It removes the last hurdle to the gaming deal
-
America can't resist fast fashion. Shein, with all its issues, is tailored for it
-
Man charged with stealing ‘Wizard of Oz’ slippers from Minnesota museum expected to plead guilty