Recycled-plastic product maker moves to $20 million Louisiana facility
By Editorial Staff, Plastics Recycling Update
April 4, 2014
IntegriCo Composites, which makes railroad products from recovered plastics, announced it is investing $20 million to build a facility in Louisiana and move its headquarters there.
The company, formerly based in Temple, Texas, announced it is leasing 178,000 square feet of manufacturing space in Webster Parish, a move that was spurred in part by $5 million in financial incentives from Louisiana Economic Development, an organization that promotes business growth in the state. The North Webster Parish Industrial District, which owns the facility site, is also kicking in significant incentives.
The move is expected to bring 300 jobs to Webster Parish.
"Investments like this one by IntegriCo Composites confirm that our state can lead the South and the nation in creating strong manufacturing jobs right here at home," Bobby Jindal, Louisiana's Republican governor, said in a press release.
The location, which the company said will begin renovation in June, puts IntegriCo closer to one of its main partners, Astro Industries, a plastics company that recycles polypropylene and polyethylene and is based in West Monroe, Louisiana.
IntegriCo was founded in 2005 and specializes in the manufacture of composite railroad ties that it markets as durable replacements for wood versions of the product. It also produces industrial mats. In November the company announced it had raised $9 million in venture capital funding.