Louisiana Gov. Bobby Jindal attracted Chinese manufacturer Yuhuang Chemical to the state. Yuhuang Chemical is investing $1.85 billion to build a large methanol manufacturing facility in St. James Parish, Louisiana.
The new methanol facility will create 400 new direct jobs in the area over the next six years and possibly 2,365 indirect jobs will result, according to the state's economic development estimates. Hiring will begin in 2015.
The company is in the process of purchasing more than 1,100 acres of land. Construction on the complex will begin in 2016 and will go through three phases. Phase one is the first plant where operations should begin by 2018. A second methanol plant will built after operations are going at the first. Once both plants are completed the company will be able to manufacture 3 million metric tons of methanol each year. The third phase includes building a methanol derivatives plant that can manufacture intermediate chemicals.
Yuhuang Chemical is a subsidiary of Shandong Yuhuang Chemical, which last year had $4 billion in sales and currently employs more than 5,400 workers around the globe. This is the company's first major foreign investment by a Chinese firm in Louisiana, according to the governor's statement.
"It's no accident that we now have a record-high number of people working in Louisiana and companies from around the world continue to make huge investments in our state," said Jindal. "Our efforts reforming government, lowering taxes, and improving our state's business climate are paying off. Louisiana truly is becoming the best place in the world to live, work and raise a family."
Businesses expanding their global operations in new areas should work with manufacturing recruiters to find the most skilled workers for their open positions.