Shintech Louisiana LLC announced on Tuesday, January 26, that the company will invest $1.3 billion to expand its manufacturing and packaging facilities in Iberville and West Baton Rouge parishes.
The company, which manufactures polyvinyl chloride resins, or PVC, says will make a $1.25 billion investment to increase PVC manufacturing capacity and expand chlor-alkali and vinyl chloride monomer capacity at its manufacturing facility in Plaquemine.
The company also announced that it is expanding its PVC packaging and warehouse operation in Addis.
In Plaquemine, Shintech says that its manufacturing expansion will create 30 new direct jobs with an average annual salary of $86,000, plus benefits. According to the governor's office, Louisiana Economic Development estimates the project will result in 129 new indirect jobs, for a total of 159 new jobs for Iberville Parish and the Capital Region.
At total of 530 existing jobs at the Iberville and West Baton Rouge facilities will be retained. The company has operated there since 1999. The company says they expect the expansion project to create up to 2,400 constructions jobs. Construction is expected to be completed toward the end of 2023.
“Louisiana’s competitive business environment remains supportive of our major manufacturing sectors,” Gov. Edwards said. “Our skilled workforce and world-class infrastructure continue to set the stage for significant manufacturing expansions. As Shintech reaffirms its confidence in Louisiana’s economic strengths, we welcome the company’s latest investment in Iberville and West Baton Rouge parishes.”
The expansion, according to Shintech, is being done in an effort to keep pace with the demand for PVC. Shintech is a wholly owned subsidiary of Japan-based Shin-Etsu Chemical Co. Ltd.
“Shintech continues to invest in and increase its manufacturing presence in the North American market,” Vice President of Manufacturing Danny Cedotal said. “We appreciate the company’s confidence in our local manufacturing team. The jobs and infrastructure the company has built in Plaquemine and Addis continue to create much-needed economic development in our communities. We are grateful for the support of neighbors and our community, and we work every day to continue our commitment to live locally, hire locally and buy locally as the company’s footprint grows.”
The governor's office says that LED began discussions with Shintech about the potential expansions in 2020.
Accoring to the state, Shintech has invested more than $7 billion in its Louisiana operations in Iberville and West Baton Rouge parishes.
Stay in touch with us anytime, anywhere.
To reach the newsroom or report a typo/correction, click HERE.
Sign up for newsletters emailed to your inbox. Select from these options: Breaking News, Evening News Headlines, Latest COVID-19 Headlines, Morning News Headlines, Special Offers