Denham Springs-based Pipe and Steel Industrial Fabricators is investing $4.3 million in an expansion of its Livingston Parish manufacturing facilities.
The project, announced in a release from Louisiana Economic Development, is designed to enhance job safety, create efficiencies and lower costs to clients.
Pipe and Steel, founded in 2000, expects the new project to create 32 new jobs with an average salary of $88,000 as well as retain 57 existing positions.
The expansion will add 8,000 square feet to the existing structural steel shop, 14,000 square feet to the current pipe fabrication facility and a new permanent covered blasting and painting area, the release adds.
The project is being partially funded by a competitive incentive package offered by the state, which includes services from LED FastStart, Louisiana’s workforce development program.
The company is eligible for a $200,000 performance-based award from the Economic Development Award Program for reimbursement of infrastructure costs, contingent on meeting investment, employment and payroll benchmarks, according to the release.
Pipe and Steel is also expected to utilize the state’s Industrial Tax Exemption and Quality Jobs programs, pending approval by local government entities in Livingston Parish. Read more.