GONZALES, La. — Today, Gov. Bobby Jindal and Honeywell Performance Materials and Technologies President and CEO Andreas Kramvis announced that Honeywell will invest $208 million in new manufacturing projects at its four production sites in Louisiana. The projects in Baton Rouge (two sites), Shreveport and Geismar, will retain 698 existing jobs and create 42 new direct jobs with an average salary of $68,300, plus benefits. LED estimates all four projects will result in 148 new indirect jobs, for a total of 190 new jobs in Louisiana. Additionally, Honeywell estimates that construction for the projects will support 469 additional construction jobs.
Gov. Jindal also said the company is examining the feasibility of additional Louisiana projects that would bring the total new capital investment at Louisiana company sites to $1.2 billion over 10 years. At full investment, the four projects and later future projects would create a combined 291 new direct jobs and result in an estimated 1,009 new indirect jobs, along with more than 2,400 construction jobs.
Gov. Jindal said, “Two years ago, we announced Honeywell’s $33 million investment to manufacture new environmentally preferable products here in Baton Rouge because the company took notice of the work we were doing to improve Louisiana’s business climate. Our partnership continues today through an additional round of projects in Ascension, Caddo and East Baton Rouge parishes. We are proud that a global technology leader like Honeywell is choosing to expand its Louisiana manufacturing sites, create more jobs and deliver more performance technologies throughout the world from right here in our state. Indeed, Honeywell joins a long list of technology companies who are expanding in Louisiana because of our strong and continuously improving business climate, world-class infrastructure and incomparable workforce.”
The four initial projects that Honeywell is committing $208 million in new capital investment for will expand product offerings into catalysts, refrigerants and adsorbents while improving the competitiveness of sites in Caddo, East Baton Rouge and Ascension parishes. Of this total, $169 million will be invested for engineering and new production capacity for new products and $39 million will be invested to support ongoing operations.
Specifically, the projects will be at Honeywell Performance Materials and Technologies facilities that include fluorine products production operations in Baton Rouge and Geismar; a catalyst production facility in Shreveport; and an adsorbent production facility in Baton Rouge for the UOP business unit of Performance Materials and Technologies.
“The investments we are announcing today will support our global operations and allow us to produce many new in-demand products to support refining processes that produce fuels and petrochemicals, as well as advanced materials that are environmentally friendly and energy-efficient,” Honeywell’s Kramvis said. “The support of the State of Louisiana, as well as local governments, was key in our decision to locate production of key new products at our Louisiana facilities, helping to ensure their future viability.”
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