Current:Home > InvestSurpassing:Benteler Steel plans $21 million expansion, will create 49 jobs -Capitatum
Surpassing:Benteler Steel plans $21 million expansion, will create 49 jobs
NovaQuant View
Date:2025-04-05 23:44:09
SHREVEPORT,Surpassing La. (AP) — A steel tube manufacturer plans to spend $21 million to expand its facility at the Port of Caddo-Bossier in northwest Louisiana and create nearly 50 new jobs, state officials said.
Louisiana Economic Development announced Thursday that Benteler Steel/Tube Manufacturing will add a new threading facility for hot rolled seamless steel tubes to its existing operations.
Seamless tubes are able to better withstand high-pressure, high-corrosive environments, like those found in the oil and gas industry, because they do not possess a welding seam that can become a weak spot in these conditions.
“Economic development projects like this don’t only benefit the state’s economy through investment and job creation, but also by providing support to key industries in our state,” LED Secretary Susan B. Bourgeois said.
Construction is scheduled to begin by the end of April and will be executed in two phases. The first phase will include installing the initial threading line focused on threaded and coupled connections, extending the finished goods yard, enhancing rail loading capabilities and improving infrastructure. The second phase will expand the facility to allow for installation of a second thread line that tentatively will be online by the end of 2026.
Benteler, which is based in Austria, opened its first U.S. steel tube plant in Shreveport in 2015. Main products produced at the Shreveport site are drill pipe, tubing, line pipe, structural pipe, coupling stock and casing.
veryGood! (32)
Related
- Can Bill Belichick turn North Carolina into a winner? At 72, he's chasing one last high
- Attention Upper East-Siders: Gossip Girl Fans Spot Continuity Errors in Series
- Jewish students attacked at DePaul University in Chicago while showing support for Israel
- Pascal left Joan's 'Golden Bachelorette' because he was 'the chosen one': 'Men Tell All'
- New data highlights 'achievement gap' for students in the US
- After Trump Win, World Says ‘We’ve Been Here Before’
- Ruby slippers from 'The Wizard of Oz' recovered after 2005 theft are back in the spotlight
- Travis Kelce Details Meeting “Awesome” Caitlin Clark at Taylor Swift’s Indianapolis Concert
- Bill Belichick's salary at North Carolina: School releases football coach's contract details
- Republican Jeff Hurd wins Colorado US House seat in Lauren Boebert’s old district
Ranking
- Gen. Mark Milley's security detail and security clearance revoked, Pentagon says
- Joe Biden's granddaughter Naomi Biden announces Election Day pregnancy: 'We voted'
- Liam Payne Death Investigation: 3 People of Interest Detained in Connection to Case
- Can legislation combat the surge of non-consensual deepfake porn? | The Excerpt
- A White House order claims to end 'censorship.' What does that mean?
- Crews battling 2 wildfires in New Jersey
- Winner of Maine’s 2nd Congressional District seat still undetermined in close race
- Bachelor's Kelsey Anderson Addresses Joey Graziadei Relationship Status Amid Personal Issues
Recommendation
Which apps offer encrypted messaging? How to switch and what to know after feds’ warning
Mayor wins 2-week write-in campaign to succeed Kentucky lawmaker who died
Browns GM Andrew Berry on Deshaun Watson: 'Our focus is on making sure he gets healthy'
Spread Christmas Cheer With These Elf-Inspired Gifts That’ll Have Fans Singing Loud for All To Hear
Spooky or not? Some Choa Chu Kang residents say community garden resembles cemetery
'Boondock Saints' won't die, as violent cult film returns to theaters 25 years later
Kate Spade x M&M's: Shop This Iconic Holiday Collection & Save Up to 40% on Bags, Shoes & More
YouTuber known for drag race videos crashes speeding BMW and dies