Shintech to expand in Plaquemine
Chemical maker Shintech Inc. is planning to spend $120 million to build a plant for making a key ingredient in latex paints. Gov. Bobby Jindal helped announced the deal today, and says the plant will create 30 jobs. It will be built on Shintech's current site at Plaquemine. The plant currently employs 270. Shintech says it expects to start construction on the plant by the end of the year, with hiring coming in the second quarter of 2013 and production beginning in early 2014. The company is receiving a $1.8 million modernization tax credit from the state, along with screening, hiring and training services for new workers. The plant is expected to produce 9,000 tons of hydroxyethyl cellulose annually. Shintech has another HEC plant in Wiesbaden, Germany, that produces 16,000 tons of the chemical annually. Read more about the Plaquemine deal at the governor's website here.
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