Today Sasol Ltd. announced plans to invest between $16 billion and $21 billion in an integrated GTL and ethane cracker complex in Westlake. The facility is expected to create roughly 1,253 direct jobs and roughly 5,886 indirect jobs. The historic project is double the size of the capital investment originally announced by Governor Jindal and … Continue reading
Benteler Steel/Tube announced it will build a new hot rolling tube mill in Caddo, Louisiana, strengthening the company’s position in the North American oil country tubular goods (OCTG) market. The facility – a total investment of nearly $900 million – will be Benteler Steel/Tube’s first U.S. production facility and will create more than 1,000 construction … Continue reading
Approximately six months after International Paper took over the Bogalusa paper mill and box plant from Temple-Inland and three months after company officials joined Gov. Bobby Jindal in announcing a $44 million investment at the facility, IP confirmed that it laid off “less than 20” of its box plant employees. IP Spokesman Scott M. Sauer … Continue reading