Shreveport-based Etheredge Industrial Services is creating a new machine maintenance, repair and overhaul facility near Lake Charles, Louisiana.
The company is making a $433,000 capital investment, transferring two jobs from its Texas location, and creating three new direct jobs in Calcasieu Parish. Through the expansion, Etheredge Industrial Services will retain 65 existing jobs, most of them at the company’s original location in Shreveport, and the new direct jobs will average more than $47,600, plus benefits, according to Louisiana Economic Development.
For customers in the steel; petrochemical; pulp and paper; mining; railroad; wood products; and other manufacturing and transportation sectors, Etheredge Industrial performs both on-site service repairs and extensive shop-based reconditioning, rewinding, refurbishing, overhaul and cleaning of all makes and sizes of AC and DC electric motors.
“Etheredge Industrial Services is proud to announce our new Lake Charles industrial electric motor and mechanical repair facility,” CEO Mike Etheredge said. “We are committed to growth of both the facility and personnel as we service the many industrial plants along the Louisiana-Texas Gulf Coast. With locations in Shreveport and Tyler, Texas, we have enjoyed over 34 years of growth in North Louisiana, East Texas and the surrounding states of Arkansas, Oklahoma, Mississippi and Tennessee. We believe a strong presence in the Louisiana Gulf Coast region is essential to continuing that growth for many years to come.”
LED began discussing a potential expansion to Calcasieu Parish with Etheredge Industrial Services in May 2019. To secure the project, the State of Louisiana is providing participation in the Enterprise Zone and Industrial Tax Exemption programs.
“Etheredge Industrial Services is a family founded, owned and operated business that prides itself on quality, state-of-the-art service to its customers,” Governor John Bel Edwards said. “Homegrown companies that strive to be the best at what they do are the heart of Louisiana’s business culture and work ethic. We are happy to encourage the growth of Etheredge Industrial Services as the company supports major industrial employers throughout Louisiana.”
“The Chamber SWLA and SWLA Economic Development Alliance welcome Etheredge Industrial Services to our region,” said President and CEO George Swift of the Southwest Louisiana Economic Development Alliance. “This new addition builds upon a steady and diversified economic development near Chennault Airpark. Etheredge can serve the many industries in the Gulf Coast region from this new facility, and we look forward to having them grow in Southwest Louisiana.”