Continental Structural Plastics, a Teijin Group company that manufactures lightweight composite products for vehicles and industrial applications, will invest $12.1 million to expand its manufacturing facility in Sarepta, Louisiana. The project is expected to create 33 jobs.
The 22,000-square-foot expansion to the company’s three-building complex at the North Webster Parish Industrial Park will accommodate future manufacturing activity. Products made there by CSP include undercarriages, bumpers and other items for cars and trucks.
“Our Sarepta, Louisiana, facility is a model for our organization in terms of safety, our workforce and our efforts to automate our processes,” CEO Steve Rooney said. “As we evaluated our operations in terms of where to add capacity, expanding this facility, implementing additional automated cells and providing additional quality jobs to the Sarepta community was the logical choice. We have an incredible, dedicated workforce in Sarepta, and when you add to that the tremendous partnership we have with the local community and the North Webster Parish Industrial District, it really is a win-win for CSP and the community.”
To secure the project, CSP will be eligible for a performance-based grant of up to $600,000 to offset infrastructure costs related to the expansion. The company is also expected to utilize Louisiana’s Enterprise Zone and Industrial Tax Exemption programs. In addition, the State of Louisiana offered a competitive incentive package that includes the comprehensive workforce solutions of LED FastStart, the state’s workforce development program.
“Continental Structural Plastics has found success in Sarepta, manufacturing quality products for the automotive industry and other end-users,” Governor John Bel Edwards said. “Our local and regional economic development partners in Louisiana’s Northwest Region are working hard with us to sustain a strong business climate and promote business growth such as this. As CSP continues to excel, we welcome the jobs this project will create for our rural workforce in Webster Parish.”
As an additional incentive, North Webster Parish Industrial District will add $1.2 million for building improvements at its business park where the company is located.
“Continental Structural Plastics’ additional investment and job creation in the Sarepta community is a testimony to North Louisiana’s steadfast workforce and strong business climate,” said Justyn Dixon, president of the North Louisiana Economic Partnership. “North Louisiana Economic Partnership has worked alongside CSP to provide strategic assistance each step of the way throughout this project and is proud to support the company’s expansion.”