Dr. Reddy’s Shreveport Expansion Ahead of Schedule
A Shreveport pharmaceutical plant is growing even faster than company officials had originally projected. Nearly two years ago, Dr. Reddy’s Laboratories announced that it would make a $16.5-million investment in its Shreveport plant to increase capacity for existing products and add capacity for new products. It also projected that it would add 73 new jobs to the existing 161 at the plant by mid-2012. Today, the plant employs 229 people and company officials are projecting that number to reach 261 by the end of this year — nearly 30 more than originally projected and in less time. Governor Bobby Jindal says much of Dr. Reddy’s Shreveport growth can be attributed to the company’s use of the award-winning Louisiana FastStart job training program — rated the top workforce training program in the country. To date, workers at the plant have received more than 3800 hours of training through that program.