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Russian fertilizer company to open plant in Iberville or St. John Parish
NOLA.com | The Times Picayune ^ | 7/10/13 | Lauren McGaughy

Posted on 07/10/2013 5:24:01 PM PDT by BBell

Russian fertilizer giant EuroChem plans to build a $1.5 billion natural gas-based production plant in southeast Louisiana, Gov. Bobby Jindal said Wednesday. The company is considering two locations, in Iberville and St. John the Baptist parishes.

“This investment represents the company’s first major manufacturing investment in the Americas. I know they looked at other states, and they could have gone anywhere. They chose Louisiana,” Jindal said during the news conference at the governor’s mansion.

The governor’s office confirmed that the Moscow-based EuroChem received “a competitive incentives package” from the state, including a $6 million performance-based grant for infrastructure improvements. EuroChem CEO Dmitry Strezhnev said the company chose Louisiana for its business climate and easy access to distribution hubs via the Mississippi River.

The governor's office said the project is expected to create 200 new direct jobs with an annual payroll of $11.6 million. Additionally, 1,378 indirect jobs will be created, and around 2,000 workers will be needed during the four-construction period, according to the governor's office.

(Excerpt) Read more at nola.com ...


TOPICS: Business/Economy; Russia; US: Louisiana
KEYWORDS: louisiana; russia
Wahooo!!! The Russians are coming!!!

We will see if the EPA allows this.

1 posted on 07/10/2013 5:24:01 PM PDT by BBell
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To: BBell

What can we do to stop this scourge of insourcing? Can’t we raise taxes on ourselves, or something?


2 posted on 07/10/2013 5:25:53 PM PDT by 1rudeboy
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To: BBell

Don’t we produce enough of our own at 1600 Pa. Ave?


3 posted on 07/10/2013 5:30:38 PM PDT by Don Corleone ("Oil the gun..eat the cannoli. Take it to the Mattress.")
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To: 1rudeboy

LOL Yeah those filthy Canukistanis are even building a bridge to Detroit. And do we really know what they’re up to in the salt mine under the city?


4 posted on 07/10/2013 5:37:14 PM PDT by cripplecreek (REMEMBER THE RIVER RAISIN!)
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To: Don Corleone
Don’t we produce enough of our own at 1600 Pa. Ave?

It's too low grade. It can't grow the economy how can it grow crops?

5 posted on 07/10/2013 5:37:36 PM PDT by BBell (The Blue Dog is Stupid)
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