Mid South Extrusion will invest $4.5 million to add a 10th production line at its facility in Monroe, Louisiana.
The company manufactures polyethylene films for retail packaging, lamination substrates, and construction and pipe wrapping applications. In addition, the company produces packaging film used for bedding, furniture, carpet, medical, textile and canning applications.
The company will upgrade its Ouachita Parish operations, where it produces polyethylene films for packaging and other industrial and commercial uses.
“The management of Mid South Extrusion is excited to announce our investment decision in a new state-of-the-art, five-layer, blown-film production line,” Mid South Extrusion President Ron Mason said. “In addition to substantially increasing our plant capacity, this investment will allow MSE to target new markets and customers in the food packaging sector. Working with LED and Governor Edwards’ administration has only strengthened our commitment to grow our business right here in our hometown and the state of Louisiana.”
To secure the latest project, LED offered Mid South Extrusion a competitive incentive package that includes a Retention & Modernization Tax Credit valued at $180,000. The company also is expected to utilize the state’s Enterprise Zone and Industrial Tax Exemption programs.
“Mid South Extrusion is a homegrown business that has found great success over the years in Monroe,” Governor John Bel Edwards said. “This family owned-company found a niche in its manufacturing sector, leading it to expand and add more jobs time and again. This latest investment and the new jobs that will be created are welcome news for the Northeast Region."
“Mid South Extrusion is a fine corporate citizen and we are Monroe Proud of their multimillion-dollar reinvestment into our local economy,” Monroe Mayor Jamie Mayo said. “We are excited about the upcoming addition of a 10th production line at their plant in the heart of south Monroe and the 24 total new jobs it will help create.”
“Mid South Extrusion has become a leading specialty manufacturer, and its continued growth is a success story for the business community of Monroe and the Northeast Region,” said President & CEO Tana Trichel of the Northeast Louisiana Economic Alliance. “We congratulate Ron Mason and his team at Mid South for this important new investment and the additional jobs being created for our region’s workforce.”