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A maker of custom-molded products plans to expand its factory in southern Louisiana, state and company officials have announced.
ASH Industries said the $5 million project add 20,000 square feet at its Lafayette plant, doubling its manufacturing area. The facility will have new equipment including a chiller, a 125ft crane and water cooling systems for its machinery.
The company plans to create 85 new jobs, and state officials expect another 120 indirect jobs to result from the expansion. ASH President Hartie Spence said the company has launched the first of a three-phase expansion initiative.
ASH President Hartie Spence said the expansion will strengthen the services they provide to customers. He said the “ingredients of economic development in our industry” include strong employees, manufacturing space and innovative manufacturing equipment.
ASH provides a wide range of in-house manufacturing services, including metal injection molding, rotational molding and tooling, thermoplastic and silicone injection molding, seven-axis Swiss lathe production and epoxy cast components. Its products range from surgical devices to components for laser light shows.
Louisiana economic development officials said the company should receive a “competitive” package of incentives, as well as benefits from its enterprise zone program and industrial tax exemptions. Details of the incentives were not disclosed.
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