Plastic scrap consumer also will invest $20 million in new manufacturing facility.
The plastics recycling firm IntegriCo Composites has announced plans to invest $20 million on a new manufacturing facility near Springhill, La., that will make transportation infrastructure components, including railroad ties, rail crossings and industrial mats from plastic scrap.
Additionally, the company, which produces composite transportation components from plastic scrapfounded in 2005, says that it will relocate its corporate headquarters from Temple, Texas, to Webster Parish, La.
The project will require the company to lease nearly 178,000 square feet of manufacturing space and 12 adjacent acres from the North Webster Parish Industrial District (NWPID). The facility is the former Trane Commercial Systems building, as well as an adjacent speculative building at the North Webster Industrial park. The site also has direct rail access.
Louisiana Gov. Bobby Jindal says, “As the rest of the country recovers from the national recession, we are seeing a manufacturing renaissance here in Louisiana. Companies from around the nation and the world are taking note of our strong business climate, our talented workforce and our world-class infrastructure.
Jindal adds, “Investments like this one by IntegriCo Composites confirm that our state can lead the South and the nation in creating strong manufacturing jobs right here at home. IntegriCo joins a long list of manufacturers that echo that sentiment. We congratulate IntegriCo and their commitment to creating good jobs for Louisianans here in northwest Louisiana.”
IntegriCo Composites expects to start renovations and facility upgrades at the site in June 2014 with the project completed by the end of this year.
“It is a privilege to partner with Louisiana in an effort that will create quality jobs while simultaneously expanding IntegriCo capacity immensely,” says Scott Mack, IntegriCo’s CEO. “With our Texas facility at capacity, this effort is critical to meeting the demand of our growing client base, which includes multiple Class 1 rails, the U.S. military and a myriad of other customers.
Prior to choosing Louisiana, the company reviewed more than 30 facilities throughout six states.
“IntegriCo, working with its recycling partner, Astro Industries of Monroe, La., will always strive to be a valued citizen within the community and views this expansion within the parish as only the beginning of a very bright and long-term future for all parties involved,” Mack adds.
In January 2014, Louisiana Economic Development (LED) officials began working with IntegriCo to discuss the company’s plans for a manufacturing facility and headquarters relocation. To secure the project, LED offered the company a competitive incentive package, including a performance-based $2.5 million award from Louisiana’s Economic Development Award Program and an additional $2.5 million in Capital Outlay funding to support publicly owned infrastructure improvements, including rail spur modifications and electrical, roof, flooring, lighting and plumbing upgrades.
Additionally, the NWPID will provide a performance-based grant of $500,000 annually for 10 years to support the company’s lease of manufacturing equipment.