BASF To Launch Second Phase Of MDI Production Facility In Louisiana
With $87 million capital investment, BASF will retain 1,238 jobs in Ascension Parish
“BASF has called Louisiana home for more than 60 years, and this latest expansion at its Geismar plant will help to keep the company competitive in its global marketplace,” Gov. Edwards said. “From low operational costs to effective infrastructure and logistics, Louisiana provides industries across a broad spectrum of manufacturing specialties with the assets they need to succeed. We welcome this latest expansion at BASF’s Geismar facility and look forward to the continued economic impact of company operations for Ascension Parish and the Capital Region.”
BASF is a major player in the polyurethanes industry, operating a global production network of MDI facilities in China, South Korea, Belgium and the U.S.
“With the development of the American market, BASF needs this investment to support the growth of our existing customers,” said Doerr, head of BASF’s Regional Business Unit Monomers in North America. “The Geismar site is ideally suited for this investment thanks to the existing infrastructure, competitive raw materials and favorable business support from state and local governments. This investment also demonstrates our strong commitment to our employees, our community and our presence in Louisiana.”
Since 2009, BASF has invested more than $800 million in major capital projects in Ascension Parish. For this expansion project, the company is expected to utilize the state’s Industrial Tax Exemption Program.
“BASF continues to prove its commitment to our community and local workforce by investing and creating a partnership of long-term economic growth,” Ascension Parish President Kenny Matassa said.
“Ascension Parish remains an ideal place for chemical manufacturing, and we are thrilled that BASF continues to choose the Geismar facility as a place to grow and thrive,” said President and CEO Kate MacArthur of the Ascension Economic Development Corp.
“Today’s expansion announcement is welcome news for the Capital Region, and speaks to BASF’s confidence in the future of our economy,” said President and CEO Adam Knapp of the Baton Rouge Area Chamber. “Strong partnerships from the local to state level are important in creating business friendly environments, and we commend our allies at Ascension Economic Development Corporation for assisting BASF through the process.”
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