Big Job News and Investment for Shreveport
More development and jobs for west Shreveport. Prolec GE USA, a joint venture between Xignux and General Electric is investing nearly $30 million dollars to expand the Shreveport facility to manufacture electrical transformers used in wind farms, solar parks and other industrial and renewable energy applications.
The company plans to spend close to $20 million dollars to acquire new equipment and the installation of a third production line, with the remainder going toward upgrades to the existing site and infrastructure which is located on West 70th and West Bert Kouns.
The company says this investment will bring in 153 new direct jobs including machine operators, maintenance personnel, supervisors and engineers, while retaining 282 current positions. Louisiana Economic Development estimates the project will result in an additional 162 new indirect jobs, for a total of 315 new jobs in the northwest region.
Gov. John Bel Edwards says “I applaud Prolec GE for recognizing the business growth opportunity presented by the shift to cleaner fuel sources, and thank them for choosing Louisiana to serve those new and growing energy producers.”
The Governor adds:
“This expansion will grow the northwest Louisiana economy and create more than 300 new job opportunities for our state’s highly skilled and capable manufacturing workforce. Our state is positioned to lead the way as America and the world transition to cleaner energy.”
Prolec GE designs, manufactures and sells products and solutions for electricity generation, transmission and distribution. As North America’s largest transformer producer, the company services a variety of industries including construction, engineering, and conventional and renewable energy.
“The hardworking and dedicated people of Louisiana were the main driver behind our decision to invest in our Shreveport operations,” Prolec GE Business Unit Director Sergio Eduardo Fernandez said. “We look forward to the continued success of the business and the betterment of our community.”
Improvements to the company’s 500,000 square foot facility began earlier this year with cleaning and demolition work. Prolec GE expects construction on the new line to get underway in June with a target completion date of March 2024 and full production capacity by June 2024.
“Shreveport has a long and exemplary history of industrial and manufacturing dedicated employees,” Shreveport Mayor Tom Arceneaux said. “We are extremely excited about Prolec GE’s $28.5 million capital investment and the jobs it will bring to Shreveport and Caddo Parish. This is another opportunity when existing companies are willing to reinvest in the local community and help grow our workforce. We are fortunate to have Prolec GE expand its physical, capital and employment footprint in Shreveport.”
To secure the project, the state of Louisiana offered Prolec GE a competitive incentives package that includes the comprehensive workforce solutions of LED FastStart as well as a performance-based award of $500,000 for construction, equipment and implementation of the new product line. The company is also expected to apply for the state’s Industrial Tax Exemption and Quality Jobs programs.
“Our existing industry in north Louisiana continues to make a significant impact on the community, and Prolec GE’s new job creation is a substantial contribution to it,” North Louisiana Economic Partnership president & CEO Justyn Dixon said. “This additional investment in Caddo Parish is a testament to north Louisiana's steadfast workforce and strong business climate. We congratulate the team at Prolec GE and are proud to have them a part of north Louisiana’s ecosystem.”