Tennessee chemical company expanding Louisiana plant
ST. GABRIEL (AP) - A Tennessee-based chemical company is expanding a Louisiana plant and says its $70 million investment will add five jobs to 106 already at the plant.
Louisiana Gov. John Bel Edwards said Wednesday that Eastman Chemical Co . of Kingsport, Tennessee, will spend the money over three years to expand and modernize operations in St. Gabriel.
A news release says Eastman's getting a $250,000 modernization tax credit. It's also expected to get up to a 10-year exemption on local property taxes and a credit of up to $100,000 per new job on sales taxes for expansion materials, machinery, furniture and equipment.
The St. Gabriel site produces ammonia-derived compounds used in feed, food, personal care and agricultural markets.
It is owned and operated by Taminco US LLC, which Eastman bought in 2014.
Desktop NewsClick to open Continuous News in a sidebar that updates in real-time.
Portion of South Flannery Road closed for bridge repairs
Building material theft caught on camera during Tropical Storm Barry
Matthew Naquin released from prison before sentencing
Baton Rouge school desegregation leader Robert Williams has died
LSU's campus, Greek life forever changed after Gruver's death