Posted: May 16, 2011 1:37 PM by Russell Jones
Updated: May 16, 2011 1:37 PM
BURNSIDE - Ormet Corporation announced today it will reopen its idled alumina plant in Ascension Parish, investing $21 million and creating more than 240 jobs at the plant.
That reopening was announced today at Ormet's plant site by La. Economic Development Secretary Stephen Moret and Ormet's President and CEO, Michael Tanchuk.
According to a press release, the new jobs will average about $57,000 in annual wages plus benefits, more than 40 percent higher than the average wage in Ascension Parish.
The plant will begin producing alumina by the fourth quarter of this year, and is expected to reach full employment within a year.
LED estimated the plant will also create an additional 1,050 indirect jobs in the region, totaling 1,300 permanent new jobs because of the reopening.
Ormet closed the Louisiana plant after falling demand, high natural gas prices and other market forces made production unsustainable, according to the press release.
Ormet will import bauxite to a Burnside dock terminal that is part of the Port of Greater Baton Rouge district, then refine the bauxite into alumina and ship the alumina to Ohio, where the company recently resumed full aluminum production.