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Today, Governor John Bel Edwards and Wanhua Chemical Group Co. Ltd. executive Weiqi Hua announced the company will develop a $1.25 billion chemical manufacturing complex in the St. James Parish community of Convent, Louisiana. The 250-acre manufacturing site will be developed at the northwest corner of the intersection of Louisiana Highways 3125 and 3214, on the east bank of the Mississippi River with deep-draft river access and available rail service.
The project will create 170 new direct jobs with an average annual salary of more than $80,000, plus benefits. Louisiana Economic Development estimates the project will result in additional 1,060 new indirect jobs, for a total of 1,230 new permanent jobs in the state. Wanhua will leverage its $1.25 billion capital investment to produce MDI, or methylene diphenyl diisocyanate. MDI is commonly used for polyurethane automotive parts, foams and elastomers, with applications in such consumer areas as appliances, electronics, spray-foam insulation, furniture, textiles and footwear.
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“Our LED team, joining other state agencies and regional and local partners, has worked diligently with Wanhua to attract this next-generation MDI project,” Governor Edwards said. “Louisiana offers world-class manufacturing sites, the most productive manufacturing workforce in the U.S., and LED FastStart®, the nation’s top state workforce training program. Our infrastructure assets enable us to compete for the leading economic development projects in the world. We welcome Wanhua to Louisiana and look forward to the company’s contribution to our workforce and economy.”
In April 2017, Governor Edwards and Wanhua Chairman and CEO Zengtai Liao announced Wanhua’s decision to build the project in Louisiana. The choice of the St. James Parish site followed additional front-end engineering and development and final site selection activities. Wanhua plans to start construction in 2019, with the project generating 1,000 construction jobs at peak activity. The company anticipates construction will be substantially complete by...
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