Newpark Resources announces $41.1 million expansion In Louisiana

News Item From: CompositesWorld,

Posted on: 11/11/2013

The composite temporary walkway/roadway mat producer will double the size and output of its current facility in Carencro, La., and the expansion will house a $3.1 million R&D and technology center.

On Oct. 24, Louisiana governer Bobby Jindal and Newpark Resources Inc. president and CEO Paul Howes announced that Lafayette, La.-basedNewpark will invest $41.1 million in its Newpark Mats and Integrated Services facility in Carencro, La., doubling both the size of the facility and its estimated output. The Carencro site manufactures composite mats for oil-industry drill-site construction and other applications.

The expansion is expected to create 35 new direct jobs, and LED estimates the expansion will result in an additional 71 new indirect jobs, for a total of 106 new permanent jobs. Of the $41.1 million capital investment, $3.1 million will be dedicated to a new Research & Development and Technology Center that will create six new jobs with an average salary of $80,000, plus benefits. The manufacturing expansion will create 29 new jobs with an average salary of $36,600, plus benefits. Newpark also will retain 55 existing Carencro jobs, and the company estimates the project will create 35 construction jobs.

“Today’s announcement is another great win for Acadiana and our entire state," commneted Gov. Jindal. "This expansion by Newpark Mats and Integrated Services will bring great new jobs to the Carencro area and continue growing our economy. Since 2008, we’ve improved our state’s business climate by overhauling our governmental ethics laws, streamlining our workforce development programs, reining in government spending and taxes, and enacting landmark reforms. As a result, Louisiana’s business environment now encourages new investment and enables businesses in our state to grow and succeed.”

Newpark’s trademarked DURA-BASE interlocking composite mats provide a safe, temporary and environmentally friendly road or work surface. The mats are deployed in the oil and gas industry for transportation of heavy equipment. They are aslo used in pipeline, construction, heavy-haul, military and entertainment applications.

For more information, visit www.newpark.com.



Suppliers | Products | Experts | News | Articles | Calendar | Process Zones

The Voice of the Finishing Industry Since 1936 Copyright © Gardner Business Media, Inc. 2014

Subscribe | Advertise | Contact Us | All Rights Reserved