Posted: Mar 6, 2013 1:35 PM by Russell Jones
Updated: Mar 6, 2013 7:13 PM
BATON ROUGE - Gov. Jindal and city leaders announced today that a new multi-million dollar chemical company project would start construction soon in Baton Rouge, leading to hundreds of new jobs.
Jindal said the state had been working for a year to land the $150 million expansion for Katoen Natie, an international chemical company with U. S. headquarters in Houston. The plant would handle plastics storage, custom packaging and distribution for other petrochemical producers in Baton Rouge.
Louisiana Economic Development estimated the plant will bring in around 210 direct jobs and 516 indirect jobs, as well as 150 construction jobs while the facility is being built.
"Katoen Natie's decision to build in Louisiana is part of the renaissance that our chemical and energy industries are experiencing today," Jindal said at the announcement. "The company said key factors in their decision to invest in Louisiana included easy access to railroads, as well as our experienced chemical industry workforce."
The facility will be built on 127 acres north of Baton Rouge on Scenic Highway. The first phase of the project is expected to be finished by the end of the year, with hiring for the new facility beginning this summer. Katoen Natie expects to complete the entire facility by 2018.
"The addition of Katoen Natie to Baton Rouge will strength our ability to meet the needs of our existing businesses and help us recruit new ones," Baton Rouge Mayor-President Melvin "Kip" Holden said. "We eagerly welcome the company to our city."
News 2's Ryan Naquin will have details tonight starting at 5 p.m.