K&B Machine Works Expands Terrebonne Parish, Louisiana, Operations
06/21/2023
The recently acquired 118,000-square-foot facility on Equity Boulevard near Houma will allow the company to increase production and better serve the state’s growing aerospace and semiconductor manufacturing equipment markets. Operations are scheduled to begin by the end of 2023.
“K&B Industries has always pursued the latest technologies regardless of the markets we serve, and our diversification into the aerospace and semiconductor markets has allowed us to build a skill set that did not exist in the area before,” K&B Industries President Kenny Wood, Jr. said. “Our investment in our people has led us to establish a variety of training programs to help grow from within to meet the complex demands of manufacturing, quality, assembly, test and processing of rigorous aerospace and semiconductor industry standards.”
The state of Louisiana offered K&B Industries an incentives package including a performance-based $480,000 retention and modernization tax credit subject to the achievement of payroll and investment targets. The company is also expected to participate in the state’s Industrial Tax Exemption and Quality Jobs programs.
“This commitment by K&B Industries signals the ongoing economic recovery of the Bayou Region and illustrates the strength and diversity of Louisiana’s manufacturing and aerospace sectors, which I have worked hard this week to strengthen while meeting with companies around the Paris Air Show,” Governor John Bel Edwards noted. “Manufacturing investments have a powerful ripple effect on the economic health of our rural communities. Thank you to K&B Industries for doubling down on Terrebonne Parish and the area’s skilled and resilient workforce.”
K&B Industries is a leading supplier of premium threading, manufacturing and engineering services for the aerospace and oil and gas industries.
“K&B Industries is one of the top-rated companies to work for and an exceptional community partner in Terrebonne Parish,” Terrebonne Economic Development Authority CEO Cohen Guidry added. “The company has been providing superior services to the energy industry for nearly 50 years and this latest expansion will allow them to offer services never before available in the state of Louisiana.”
Project Announcements
Climeworks Plans Calcasieu Parish, Louisiana, Direct Air CO2 Capture Operations
11/08/2024
India-Based Granules Consumer Health Expands Prince William County, Virginia, Operations
11/08/2024
Taiwan-Based Sunlit Fluo & Chemical Establishes Phoenix, Arizona, Semiconductor Material Operations
11/07/2024
Ontic Plans Miramar, Florida, MRO Operations
11/07/2024
American International Group Plans Atlanta, Georgia, Innovation Hub
11/06/2024
TMC Transformers USA Expands Waynesboro, Georgia, Manufacturing Operations
11/06/2024
Most Read
-
Top States for Doing Business in 2024: A Continued Legacy of Excellence
Q3 2024
-
The Role of Rail in Industrial Development
Q4 2024
-
Cold Storage: The Next Big Thing in Industrial Real Estate
Q3 2024
-
Hydrogen Industry in Canada: A Global Leader in the Clean Energy Revolution
Q3 2024
-
Exploring the Dynamic Landscape of Industrial Packaging Solutions
Q3 2024
-
Which AI Tools Work for Job Recruiters?
Q3 2024
-
Permitted Power Capacity Foreshadows Health of Regional Economies
Q3 2024