MO: Calumet to Expand, Invest up to $40M in Louisiana Facility
28 Jun, 2013
Governor Jay Nixon announced that Calumet Specialty Products Partners, a leading specialty hydrocarbon producer, is planning a significant expansion of their esters production facility in Louisiana. Expansion plans include up to $40 million in capital investment and an expected creation of 21 new jobs.
“Today’s announcement is just the latest victory in Missouri’s resurgent manufacturing industry,” Gov. Nixon said. “With a highly-skilled workforce, competitive business climate and abundant resources, the Show-Me State is a natural choice for companies, like Calumet Specialty Products Partners, to invest and expand.”
Calumet Specialty Products Partners is a leading independent producer of high-quality, specialty hydrocarbon products in North America. The Company’s portfolio includes more than 3,500 products sold nationally to high profile clients like ExxonMobil, Sherwin-Williams, and L’Oréal. The Louisiana facility primarily produces synthetic lubricants.
Over the past decade, Calumet Specialty Products Partners has experienced rapid growth through expansions and acquisitions. The company now employs approximately 1,250 workers in 11 facilities across the United States. The Louisiana facility expansion includes a 25,000 square-foot addition to the current facility and will increase manufacturing capacity to meet growing product demand.
The state of Missouri is helping make Calumet Specialty Products Partners’ expansion in Louisiana possible through a strategic package of economic incentives, which the company can redeem if it meets the strict job creation and investment criteria each program.