Two major projects in Louisiana top the week’s investment and job creation news:
In Northwest Louisiana, CF Industries Holdings Inc. will invest $2.1 billion to expand its Donaldsonville Nitrogen Complex, a project that represents one of the largest, single capital investments in the history of Ascension Parish. CF Industries will create 93 new direct jobs with an average annual salary of $56,500, plus benefits, while retaining 349 existing jobs and 250 contractor jobs on the site.
Meantime, German-based Benteler Steel/Tube announced a $900-million, two-phase facility that will include both a seamless steel tube mill (phase one) and a steel mill (phase two). The project will be built on 330 acres at The Port of Caddo-Bossier, where Benteler will create 675 new direct jobs paying an average annual salary of $50,000, plus benefits.
In Kentucky, Berry Plastics Corp. will reopen its Madisonville operation, investing $96 million in the plant and creating more than 400 full-time jobs. Berry Plastics manufactures injection-molded plastic packaging, thermoformed products, flexible films and packaging, as well as tapes and corrosion protection products. The company, which has more than 950 current employees in Kentucky.
In Michigan, Detroit Thermal Systems has picked a site in Romulus to serve as its primary manufacturing location. The 365,000-square-foot leased facility will house the company’s recent acquisition of Automotive Components Holdings LLC’s climate control systems business. DTS anticipates employing a workforce of 500 there by year-end 2014.
In Virginia, Celanese Corp. will invest $150 million in its Giles County operation. The company, which manufactures cellulose acetate tow at the plant, will replace its coal-fired boilers with natural gas-fired boilers. The project, in conjunction with other efforts at the site, will create at least 22 full-time Celanese positions and will require approximately 200 construction workers