Shintech, the U.S. subsidiary of Shin-Etsu Chemical Co., Ltd. of Japan, the largest worldwide polyvinyl chloride producer, is embarking on a $1-billion capital investment project for the construction of a new manufacturing facility in Iberville Parish, Louisiana that has access to rail, highway and deep water. The facility, which will be located on 1,725 acres just south of Plaquemine, will require more than 2,000 construction workers at peak and create approximately 150 new permanent jobs once the facility becomes operational. According to an economic impact study conducted by Louisiana State University Economist Dr. James Richardson, the facility will bring to the state of Louisiana an estimated $448.1 million in business transactions, $139.1 million in household earnings and 4,446 direct and indirect jobs in the 30-month construction period alone. The state will also see an economic boost with $8.2 million in annual tax revenue once the facility is operational.
