Current:Home > My$35M investment is coming to northwest Louisiana, bringing hundreds of jobs -FinTechWorld
$35M investment is coming to northwest Louisiana, bringing hundreds of jobs
View
Date:2025-04-12 04:18:43
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! (7926)
Related
- Civic engagement nonprofits say democracy needs support in between big elections. Do funders agree?
- Situation ‘Grave’ for Global Climate Financing, Report Warns
- At Stake in Arctic Refuge Drilling Vote: Money, Wilderness and a Way of Life
- Lily-Rose Depp Makes Rare Comment About Dad Johnny Depp Amid Each of Their Cannes Premieres
- Rolling Loud 2024: Lineup, how to stream the world's largest hip hop music festival
- What does the end of the COVID emergency mean to you? Here's what Kenyans told us
- Heading to Barbie Land? We'll help you get there with these trendy pink Barbiecore gifts
- Biden’s $2 Trillion Climate Plan Promotes Union Jobs, Electric Cars and Carbon-Free Power
- Justice Department, Louisville reach deal after probe prompted by Breonna Taylor killing
- The FDA considers first birth control pill without a prescription
Ranking
- San Francisco names street for Associated Press photographer who captured the iconic Iwo Jima photo
- Will artificial intelligence help — or hurt — medicine?
- 'I'll lose my family.' A husband's dread during an abortion ordeal in Oklahoma
- Unlikely Firms Bring Clout and Cash to Clean Energy Lobbying Effort
- 'Vanderpump Rules' star DJ James Kennedy arrested on domestic violence charges
- University of New Mexico Football Player Jaden Hullaby Dead at 21 Days After Going Missing
- He helped craft the 'bounty hunter' abortion law in Texas. He's just getting started
- South Dakota Warns It Could Revoke Keystone Pipeline Permit Over Oil Spill
Recommendation
Cincinnati Bengals quarterback Joe Burrow owns a $3 million Batmobile Tumbler
Horoscopes Today, July 24, 2023
Ariana Madix Shares Surprising Take on Vanderpump Rules' Scandoval Reunion Drama
They're trying to cure nodding syndrome. First they need to zero in on the cause
This was the average Social Security benefit in 2004, and here's what it is now
He helped craft the 'bounty hunter' abortion law in Texas. He's just getting started
Unlikely Firms Bring Clout and Cash to Clean Energy Lobbying Effort
Back pain shouldn't stop you from cooking at home. Here's how to adapt