The following is a Press Release from the Office of the Governor:
Today, Governor Bobby Jindal and Maritime International President David LeBlanc announced that Maritime is moving production from China to Broussard, La with an $8 million manufacturing expansion that will create 90 new direct jobs and 150 new indirect jobs in Acadiana.
Governor Jindal said, "In the last four years we have made unprecedented gains in our economy by cutting taxes, streamlining government, and reining in spending. Instead of company headquarters moving away, we have seen a growing number of company headquarters relocating to Louisiana. Today, we add a new win to the economic competitiveness scoreboard – and more jobs to our state, which means more opportunities for Louisiana families, and more encouragement to dream bigger and better than ever before, knowing that here in Louisiana, our economy is growing and we aren't letting up for a second.
"I am proud to announce that Maritime International will expand their facilities here by moving production work from China and creating 90 new, direct jobs over the next three years, along with an estimated 150 permanent, indirect jobs. When I took office, I told you that we would make Louisiana the best place in not just the country, but also the world – to get a great job and raise a family. Today's announcement is a major step toward that goal."
Maritime International makes mooring systems and protective fenders for international harbors and the U.S. Navy. The company will move production now taking place in China to its plant in St. Martin Parish. In addition, the company will invest in robotic welding equipment to perform precision metal work in Broussard, and the company will add 30,000 square feet of manufacturing space to its 65,000-square-foot headquarters. Maritime's current workforce totals 70 employees. The new jobs will pay an average salary of about $57,000 annually, plus benefits.
Maritime, which also manufactures piles, vacuums, tanks and other general fabrication for the offshore oil and gas industry, will begin construction in 2012 and complete the expansion within a year. The project will generate about 100 construction jobs.
"We feel that in order to maintain the benchmark for quality we have set in our industry, this can best be delivered by enhanced control over our manufacturing process," Maritime International President David LeBlanc said. "The technology is available to accomplish this, and with the support of LED, we are able to bring that technology to our back yard, create quality jobs and supply a superior product made here in Louisiana."
LED began assisting Maritime International in March 2010. To secure the new jobs and investment, LED will provide a performance-based, forgivable loan of $900,000 from its Economic Development Loan Opportunity Program. Maritime also will receive training assistance at no cost from the nation's highest-ranked workforce development program, Louisiana FastStart™, and the company is expected to utilize Louisiana's Quality Jobs and Industrial Tax Exemption programs.
"From day one, we've emphasized the fundamental importance of growing Louisiana's existing businesses," LED Secretary Stephen Moret said. "Maritime International offers a textbook example of that value. Here is a Louisiana-born company generating sales literally all over the world and reinvesting that income in better technology and better career opportunities right here at home. That's a great blueprint for Louisiana's future, and we're delighted to help facilitate Maritime's growth."
About Maritime International