Howell Foundry, an industrial metal casting company, is investing $7.4 million to upgrade its processing facility in West Feliciana Parish, Louisiana Economic Development announced.
The company plans to expand its utilization of 3D technology and meet increasing demand from customers in the paper, energy, mining and petrochemical industries, LED says.
The company expects to create 26 direct new jobs with an average annual salary of more than $59,000, while retaining 22 current positions.
“Howell Foundry combines modern day 3D innovations with proven craftsmanship in one of the oldest known trades to produce rapid and reliable solutions to its valued customers who are primarily located on the Gulf Coast,” Howell Foundry President JB Shoaf says in a prepared statement.
To secure the project in St. Francisville, the state of Louisiana offered Howell Foundry an incentives package that includes a $400,000 performance-based forgivable loan for infrastructure repairs contingent upon meeting investment and payroll targets. The company is also expected to participate in the state’s Quality Jobs and Industrial Tax Exemption programs.