Current:Home > Markets$35M investment is coming to northwest Louisiana, bringing hundreds of jobs -Edge Finance Strategies
$35M investment is coming to northwest Louisiana, bringing hundreds of jobs
View
Date:2025-04-18 06:10:01
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! (96636)
Related
- Most popular books of the week: See what topped USA TODAY's bestselling books list
- Booming Plastics Industry Faces Backlash as Data About Environmental Harm Grows
- UPS drivers are finally getting air conditioning
- This Amazingly Flattering Halter Dress From Amazon Won Over 10,600+ Reviewers
- In ‘Nickel Boys,’ striving for a new way to see
- 9 diseases that keep epidemiologists up at night
- Love Coffee? It’s Another Reason to Care About Climate Change
- World’s Oceans Are Warming Faster, Studies Show, Fueling Storms and Sea Rise
- Why Sean "Diddy" Combs Is Being Given a Laptop in Jail Amid Witness Intimidation Fears
- Chrysler recalls 330,000 Jeep Grand Cherokees because rear coil spring may detach
Ranking
- What do we know about the mysterious drones reported flying over New Jersey?
- Ryan Dorsey Shares How Son Josey Honored Late Naya Rivera on Mother's Day
- U.S. Electric Car Revolution to Go Forward, With or Without Congress
- Treat Williams, star of Everwood and Hair, dead at 71 after motorcycle crash in Vermont: An actor's actor
- Have Dry, Sensitive Skin? You Need To Add These Gentle Skincare Products to Your Routine
- Biden officials declined to offer legal status to hundreds of thousands of migrants amid border concerns
- RSV recedes and flu peaks as a new COVID variant shoots 'up like a rocket'
- As electric vehicles become more common, experts worry they could pose a safety risk for other drivers
Recommendation
Residents worried after ceiling cracks appear following reroofing works at Jalan Tenaga HDB blocks
An FDA committee votes to roll out a new COVID vaccination strategy
Addiction treatments in pharmacies could help combat the opioid crisis
How Trump’s ‘Secret Science’ Rule Would Put Patients’ Privacy at Risk
Newly elected West Virginia lawmaker arrested and accused of making terroristic threats
Michael Bloomberg on Climate Change: Where the Candidate Stands
Maine Governor Proposes 63 Clean Energy and Environment Reversals
West Virginia Said to Be Considering a Geothermal Energy Future