Hood Container Undertakes Expansion of St. Francisville, Louisiana, Paper Manufacturing Facility
11/15/2016
As part of the upgrades, the two phases of the project include the installation of a modern press section on the facility’s H1 paper machine and a recycling plant for reuse of old corrugated containers. The new press section will allow the St. Francisville mill to increase containerboard production while the installation of the recycling plant will support the increased production.
“Hood Container’s planned investment is a perfect example of how Louisiana’s economic strengths are ensuring continued success for our businesses,” Governor John Bel Edwards said. “Our highly skilled talent, robust infrastructure and strong network of economic development partnerships connecting the state, regional and local levels are proving to companies that an investment in Louisiana is a sound decision. Not only will Hood Container’s new investment ensure increased efficiency, but it will also retain and create new jobs. We congratulate Hood Container on its new chapter in Louisiana, and thank the company for its commitment to our state and our people.”
The company acquired the St. Francisville paper mill from Amzak Capital Management LLC in October 2015. The acquisition of the mill complemented Hood Container’s corrugating-medium mill in New Johnsonville, Tennessee, and Hood’s converting operations across the Southeast U.S. The Hood Container Corp. was established in July 2012 with its purchase of the New Johnsonville mill from International Paper.
“Our main objective as a parish government is to assist in the growth of employment and investment in West Feliciana,” Parish President Kevin Couhig said. “We could not ask for a better industry partner than Hood Container. This investment renews their commitment to a long-term future in the parish, and we are happy to assist them in getting this done.”
LED began discussing a potential facility upgrade with Hood Container of Louisiana in August 2016. To secure the project, the State of Louisiana offered the company a competitive incentive package that includes a Modernization Tax Credit of $640,000. The company is also expected to utilize the state’s Quality Jobs and Industrial Tax Exemption programs.
“Hood Container Corp. is one of the main employers in West Feliciana Parish, so this announcement of 237 retained jobs and 10 net new jobs is great news for the parish and the region,” said President/CEO Adam Knapp of the Baton Rouge Area Chamber. “Supporting existing businesses is a key part of our team’s efforts, and we applaud Hood for their investment to increase efficiency and productivity here in the Baton Rouge area.”
Project Announcements
PEAK Precision Manufacturing Plans Bowling Green, Kentucky, Operations
07/26/2024
Italy-Based Sipcam Agro USA Upgrades Wayne County, Mississippi, Operations
07/26/2024
Cleveland-Cliffs Plans Weirton, West Virginia, Operations
07/26/2024
IDEXX Laboratories Plans Wilson, North Carolina, Production Operations
07/26/2024
Germany-Based Ritz Instrument Transformers Plans Waynesboro, Georgia, Operations
07/26/2024
AirJoule Plans Newark-Wilmington, Delaware, Operations
07/26/2024
Most Read
-
19th Annual Area Development Gold and Silver Shovel Awards
Q2 2024
-
2023's Leading Metro Locations: Hotspots of Economic Growth
Q4 2023
-
2023 Top States for Doing Business Meet the Needs of Site Selectors
Q3 2023
-
The CHIPS and Science Act will bring jobs back to the United States
Q2 2024
-
The Bring Your Own Energy (BYOE) Party Is Starting
Q2 2024
-
2023 Top States Commentary: Top-Ranked States Have What It Takes to Win Mega Projects
Q3 2023
-
How to Overcome NIMBYism in Data Centers
Q2 2024