Luxembourg-Based Ternium Plans Shreveport, Louisiana, Sheet Metal Plant
The company is adding a second coil coating paint line with an annual capacity of 120,000 tons, which will increase its production capacity in the U.S. by 53 percent, among other improvements. The reinvestment in the facility is the latest addition to Ternium’s goal of providing a full menu of state-of-the-art options for the metal building industry. Construction on the expansion will commence in the first quarter of 2022 with commercial operations at the added production line beginning by mid 2024.
“This new coil coating expansion in Shreveport is part of our strategy to support the joint growth of our company and that of our loyal customers by adding complementary volume, range, and services to our existing local platform,” said Michael Guhl, President of Ternium USA. “We are thankful to Governor Edwards and the LED team for their tireless work on behalf of the greater Shreveport community and their support for local manufacturing, and we look forward to continuing to invest in our people and production capabilities.”
To secure the project at the Port of Caddo-Bossier, the State of Louisiana provided Ternium with a competitive incentive package that includes the comprehensive services of LED FastStart, the No. 1 workforce development program in the nation for the past 12 years. Additionally, the company will receive a $1 million performance-based award from the Economic Development Award Program to support infrastructure costs. The company is expected to utilize the state’s Quality Jobs and Industrial Tax Exemption programs.
“Louisiana’s manufacturing industry provides thousands of good jobs across our state, and I am excited to announce an investment that will continue the growth of this key sector of our economy,” Governor John Bel Edwards said. “Ternium’s expansion at the Port of Caddo-Bossier will bring new jobs and economic momentum to the Northwest Region of our state. Ternium’s decision to reinvest in its Shreveport plant is a testament to Louisiana’s welcoming business climate, highly skilled workforce, and world-class transportation infrastructure.”
Ternium S.A. is a manufacturer of flat and long steel products with production centers in Argentina, Brazil, Mexico, Guatemala, Colombia, and the United States. It is the leading steel company in Latin America with highly integrated processes to manufacture steel and value-added products.
“Ternium USA strengthens our community, and by adding these new and retained well-paying jobs, they are continuing to make a notable impact,” said Justyn Dixon, President and CEO of the North Louisiana Economic Partnership. “We are proud to have such a strong company solidify their commitment to the region through continued investment and job creation. This significant investment speaks highly of the Caddo Parish community and is evidence that North Louisiana can win when it comes to advanced manufacturing.”
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