TEMPLE (March 31, 2014) Temple-based IntegriCo Composites will build a $20 million plant in Louisiana to make railroad ties, rail crossings and industrial mats from plastic waste and will move its corporate headquarters there, as well, Louisiana Gov. Bobby Jindal announced Monday.
The plant will be built near Springhill, La., in Webster Parish, to which the company’s corporate headquarters will be moved from Temple, a news release said.
"With our Texas facility at capacity, this effort is critical to meeting the demand of our growing client base,” CEO Scott Mack said.
“IntegriCo's decision, following a thorough review of more than 30 facilities throughout six states, hinged on the partnership displayed by the State of Louisiana, its economic development teams and the local parish to create the framework for successful job creation and associated economic growth,” Mack said.
The company, which plans to hire 300 people with an average salary of $35,000 a year, plus benefits, is leasing 178,000 square feet of manufacturing space and 12 adjacent acres from the North Webster Parish Industrial District.
The state and parish are offering incentives valued at $10 million.
The state is offering $2.5 million in infrastructure improvements and the same amount in performance-based awards.
The parish is providing a 10-year performance-based grant of $500,000 annually to support IntegriCo's lease of manufacturing equipment at the industrial park.
The 10-year-old company makes composite plastic products.
"As the rest of the country recovers from the national recession, we are seeing a manufacturing renaissance here in Louisiana," Jindal said Monday.
"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, and IntegriCo joins a long list of manufacturers that echo that sentiment," he said.