BATON ROUGE, La. (AP) — A Japanese plastics maker will spend $500 million to expand its plants in Plaquemine and Addis, part of an ongoing investment boom by refiners and chemical producers in Louisiana.
Shintech will expand its production capacity by more than 10 percent, Japanese parent company Shin-Etsu Chemical Co. Ltd. said in a news release last week.
Plant manager David Wise tells The Advocate (http://bit.ly/10dnGlv) that the work will eliminate production bottlenecks, creating 10 new permanent jobs and as many as 500 construction jobs. The plants have 360 direct employees and a similar number of contract workers.
Shin-Etsu will pay for the project using its own money, planning completion in 2015.
More than $30 billion in Louisiana chemical plant investments have been announced since 2011, driven partly by low natural gas prices.