Shintech Plans $1.3 Billion Expansion For Plastics Facilities

Specifications:

Name:

Shintech Plans $1.3 Billion Expansion For Plastics Facilities

Location:

Louisiana

Company:

Shintech

Estimated Cost:

$1.3 Billion

Source:

https://www.opportunitylouisiana.com/

Introduction:

Gov. John Bel Edwards and Shintech Louisiana LLC announced the company will invest $1.3 billion to expand its manufacturing and packaging facilities in Iberville and West Baton Rouge parishes.

Features:

Shintech is the world’s leading manufacturer of polyvinyl chloride resins, or PVC. The company will make a $1.25 billion investment to increase PVC manufacturing capacity and expand chlor-alkali and vinyl chloride monomer capacity at its manufacturing facility in Plaquemine, which was announced in 2018 and is expected to be completed this year. The company also is expanding its PVC packaging and warehouse operation in Addis.

In Plaquemine, Shintech’s manufacturing expansion will create 30 new direct jobs with an average annual salary of $86,000, plus benefits. Louisiana Economic Development estimates the project will result in 129 new indirect jobs, for a total of 159 new jobs for Iberville Parish and the Capital Region.

Shintech will retain 530 existing jobs at the Iberville and West Baton Rouge facilities where the company has operated since 1999. The company expects the expansion project to create up to 2,400 constructions jobs. Construction is expected to be completed toward the end of 2023.