Current:Home > MarketsTradeEdge-$35M investment is coming to northwest Louisiana, bringing hundreds of jobs -FutureFinance
TradeEdge-$35M investment is coming to northwest Louisiana, bringing hundreds of jobs
SignalHub Quantitative Think Tank Center View
Date:2025-04-06 17:29:51
MANSFIELD,TradeEdge 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! (49)
Related
- Dick Vitale announces he is cancer free: 'Santa Claus came early'
- Indigenous Peoples Day celebrated with an eye on the election
- ‘Legacy’ Forests. ‘Restoration’ Logging. The New Jargon of Conservation Is Awash in Ambiguity. And Politics
- Why Sarah Turney Wanted Her Dad Charged With Murder After Sister Alissa Turney Disappeared
- Whoopi Goldberg is delightfully vile as Miss Hannigan in ‘Annie’ stage return
- Marvin Harrison Jr. injury update: Cardinals WR exits game with concussion vs. Packers
- SpaceX launches Starship the 5th time; successfully catches booster in huge mechanic arm
- Six college football teams can win national championship from Texas to Oregon to ... Alabama?!
- What were Tom Selleck's juicy final 'Blue Bloods' words in Reagan family
- Demi Moore Shares Update on Bruce Willis Amid Battle With Dementia
Ranking
- Could Bill Belichick, Robert Kraft reunite? Maybe in Pro Football Hall of Fame's 2026 class
- When is daylight saving time ending this year, and when do our clocks 'fall back?'
- Surfer Bethany Hamilton Shares Update After 3-Year-Old Nephew's Drowning Incident
- Peso Pluma cancels Florida concerts post-Hurricane Milton, donates to hurricane relief
- SFO's new sensory room helps neurodivergent travelers fight flying jitters
- 2025 Social Security COLA: Your top 5 questions, answered
- Blaze that killed two Baltimore firefighters in 2023 is ruled accidental
- Ariana Grande Brings Back Impressions of Céline Dion, Jennifer Coolidge and More on SNL
Recommendation
The Daily Money: Spending more on holiday travel?
Starship launch: How to watch SpaceX test fly megarocket from Starbase in Texas
Cleaning up after Milton: Floridians survey billions in damage, many still without power
Fantasy football Week 7 drops: 5 players you need to consider cutting
'No Good Deed': Who's the killer in the Netflix comedy? And will there be a Season 2?
J.Crew Outlet’s Extra 70% off Sale -- $228 Tweed Jacket for $30, Plus $16 Sweaters, $20 Pants & More
Struggling to pay monthly bills? These companies say they can help lower them.
NASCAR 2024 playoffs at Charlotte: Start time, TV, live stream, lineup for Roval race