Southland Steel Fabricators Inc. said it will spend $18 million expanding to a second Louisiana site in Amite, a move that officials say will create 70 new jobs over the next several years.
The Greensburg-based company will create new fabrication and coating lines at the former Bradken foundry in Amite. The company also will retain 176 jobs at its St. Helena Parish headquarters and manufacturing site, Gov. John Bel Edwards' administration said Friday.
Bradken announced a major expansion of its Amite facilities in 2011 along with then-Gov. Bobby Jindal, a move that was expected to add 171 new jobs. In 2016, though, Bradken announced it was shutting down its Amite foundry and laying off 65 people as it consolidated with its other facilities. Bradken received several different tax incentives for the 2011 project.
"Not only is Southland Steel growing, but it is now helping to revive the Amite foundry that succumbed to difficult challenges during the oil and gas downturn earlier in the decade," Edwards said in a statement.
Southland Steel recently bought the Bradken foundry on U.S. 51, according to LED, and will invest in new equipment to expand its steel fabrication and coating services. The company has fabricated steel for petrochemical giants like ExxonMobil, Sasol, Formosa Plastics and others.
The company is expected to get tax breaks through the state's Industrial Tax Exemption and Quality Jobs programs, as well as through LED FastStart, a workforce training program.
The company will begin operations at the site later this year using existing staff. Edwards' administration said the company will add 40 jobs in 2020 and employ 70 by 2023.
The new jobs will have an average salary of $46,000 a year, LED said.
Southland currently operates a 300,000-square-foot complex at a 60-acre site in Greensburg, where it has a fabrication capacity of more than 30,000 tons a year.
The expansion doubles the company's square feet under roof to more than 650,000, and will give it 110 acres between the two locations, said Joey Lombardo, Southland's president and owner.