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Area Development - Site Selection, Facility Planning and Workforce Development

Fibrebond Corporation Expands Webster Parish, Louisiana, Operations

04/19/2024
Industrial manufacturer Fibrebond Corporation plans to expand operations in Webster Parish, Louisiana. The $50 million project is expected to retain 450 jobs.

The investment will include the construction of a new 297,000-square-foot manufacturing facility that will accommodate the wiring and installation of electrical gear in the concrete and steel modular buildings the company produces. Production is scheduled for September 2025.

“The pace of our growth has increased since we began expanding our Minden campus in May 2022, driven broadly by the digitization and electrification trends,” said Fibrebond President and CEO Graham Walker. “The expansion in Louisiana makes the most sense for our business. We have added 180 direct and 100 subcontractor jobs in the past 15 months, and all of those people are building for projects across the country. Our ability to automate and scale with quality is only possible because of the employees we have in north Louisiana.”

The project is being supported by an incentive package featuring a performance-based Retention and Modernization Tax Credit valued at nearly $1.7 million over five years, contingent on investment, job retention and payroll targets being met.

“On behalf of the State of Louisiana I want to thank Fibrebond Corporation for investing more than $100 million in Webster Parish over the past three years, providing quality jobs for the Northwest Region’s skilled workforce,” noted Louisiana Economic Development (LED) Secretary Susan B. Bourgeois. “This project is especially exciting because it capitalizes on Louisiana’s existing manufacturing strength to create new opportunities in emerging markets such as data center and telecommunications infrastructure. That is a winning formula for Louisiana.”

Fibrebond specializes in the manufacturing of concrete and steel structures for use in large-scale utility, power and data center projects.

“Fibrebond’s continued investment into Northwest Louisiana and Minden is certainly a sign of the company’s ability to succeed in this region,” North Louisiana Economic Partnership President and CEO Justyn Dixon added. “We celebrate the continued success of companies like Fibrebond, knowing that their achievements contribute significantly to the overall vitality of this region.”

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