Current:Home > Stocks$35M investment is coming to northwest Louisiana, bringing hundreds of jobs -Wealth Empowerment Academy
$35M investment is coming to northwest Louisiana, bringing hundreds of jobs
View
Date:2025-04-12 10:32:40
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! (5665)
Related
- What polling shows about Minnesota Gov. Tim Walz, Harris’ new running mate
- At least 22 people, including children, killed in India boat accident
- Batman is dead and four new heroes can't quite replace him in 'Gotham Knights'
- California drivers can now sport digital license plates on their cars
- British golfer Charley Hull blames injury, not lack of cigarettes, for poor Olympic start
- Facebook's parent is fined nearly $25M for violating a campaign finance disclosure law
- 1000-Lb. Sisters’ Amy Slaton and Husband Michael Halterman Break Up After 4 Years of Marriage
- Elon Musk says Ye is suspended from Twitter
- What were Tom Selleck's juicy final 'Blue Bloods' words in Reagan family
- The Pacific island nation of Vanuatu has been knocked offline for more than a month
Ranking
- A steeplechase record at the 2024 Paris Olympics. Then a proposal. (He said yes.)
- Everything We Know About Yellowjackets Season 2
- The hidden market for your location data
- Why some Egyptians are fuming over Netflix's Black Cleopatra
- EU countries double down on a halt to Syrian asylum claims but will not yet send people back
- Sam Bankman-Fried strikes apologetic pose as he describes being shocked by FTX's fall
- Kanye West to buy the conservative-friendly social site Parler
- More than 200 dead after Congo floods, with many more missing, officials say
Recommendation
Krispy Kreme offers a free dozen Grinch green doughnuts: When to get the deal
Some Twitter users flying the coop hope Mastodon will be a safe landing
How the Glamorous Hairstyles on Marie Antoinette Tell Their Own Stories
It's the end of the boom times in tech, as layoffs keep mounting
9/11 hearings at Guantanamo Bay in upheaval after surprise order by US defense chief
How the Glamorous Hairstyles on Marie Antoinette Tell Their Own Stories
France launches war crime investigation after reporter Arman Soldin killed in Ukraine
Facebook parent company Meta sheds 11,000 jobs in latest sign of tech slowdown