Posted: Aug 3, 2011 4:33 PM
Source: Associated Press
DENHAM SPRINGS - CAP Technologies, a metal coating company, said Wednesday that it will spend $8.1 million on a facility in Denham Springs, creating 43 jobs.
The company developed its concept at the Louisiana Business and Technology Center in Baton Rouge. CAP has renovated and constructed a 50,000-square-foot headquarters in Denham Springs. The company says it plans to begin hiring this fall and start commercial production by December.
The company plans to use electricity and benign electrolytes to clean and coat metals - eliminating hazardous acids.
CAP said its technology is patented in 21 countries and has other patents pending.
Gov. Bobby Jindal said the company is eligible for state rebates for creating high-paying jobs. The company said the jobs will average $52,000 per year.