Convent, Louisiana – More details have emerged about the facilities and incentives available to Wanhua for its new site in Convent, 43 miles (70km) south of Baton Rouge.
'Louisiana, and specifically St. James Parish, provides Wanhua with everything we were looking for,' Wanhua CEO Weiqi Hua said in a news release from the Louisiana Economic Development office. St James Parish is the area in Louisiana where Convent is located.
The plant is expected to create 170 direct jobs, with an average salary of $80,000. Construction will begin in 2019, with up to 1,000 jobs created during peak building periods, economic development officials said.
The 250-acre (101 ha) site has both deep-draft river access and available rail service.
The state offered publicly traded Wanhua an incentive package, including $4.3 m in a performance-based grant to offset infrastructure costs, and the company also is expected to use other job and tax exemption programs available from the state.
This update first appeared in Plastics News