Titanium Tubing Company Plans LA Expansion
ARCADIA, La. (AP) — A company that makes titanium tubing for the aerospace industry says it will expand its manufacturing plant in Arcadia, creating 19 new jobs at the site.
Indiana-based Haynes International Inc. announced the $37 million expansion Monday, at an event with Gov. Bobby Jindal. The north Louisiana facility expansion is estimated to be fully operational by October 2014.
Haynes is a leading producer of titanium hydraulic tubing for global aircraft manufacturers. The new jobs at the Arcadia plant will pay an average salary of $38,000 plus benefits, according to Jindal's office.
The state economic development department is giving Haynes a nearly $1.2 million modernization tax break over five years. The company also will get a tax break for offering quality jobs with benefits and a local property tax break.