Gov. Edwards, LED, and BRAC pleased with Cortec expansion in Port Allen
Cortec LLC, a leading manufacturer of high quality valves and flow line equipment for production in the global oil and gas industry, made the expansion announcement Thursday July 12 which will create four new direct jobs as well as increase the total payroll of the facility to over $3.3 million while retaining 42 existing jobs.
“This expansion brings both new jobs and new capabilities to Cortec’s presence in West Baton Rouge,” said Adam Knapp, president and CEO of BRAC. “We were pleased to assist Cortec with their relocation to the Capital Region in 2013, and are thrilled to be celebrating their expansion today. Our manufacturing base continues to be the economic driver of the area, and we wish Cortec continued success.”
According to the Louisiana Economic Development, the project is estimated to result in seven new indirect jobs totaling up to 11 new jobs in West Baton Rouge Parish and the Capital Region.
“Louisiana is fortunate to have an innovative manufacturing sector, with companies such as Cortec continuing to grow and thrive,” said Gov. John Bel Edwards. “This homegrown company has found a formula for success in providing key products to the oil and gas drilling industry, both here and abroad. We look forward to Cortec’s continued growth in Louisiana.”
Throughout Louisiana, the Houma-based company currently employs about 150 people.
This project will add space as well as equipment to increase its existing operations, in addition, it will expand into the use of specialized coatings that enhance the performance and longevity of equipment.
“We are excited to further expand the capabilities of our Port Allen facility,” said Chauvin, president of Cortec Manifold Systems. “These measures will not only give a significant increase to capacity but aid our mission to serve the industry with products of the highest quality available.”
Cortec in the past had to contract with out-of-state companies for these services.
“Their location in West Baton Rouge Parish is a prime location with room for future growth. The company’s investment will provide jobs, opportunity and tax revenue for years to come. I appreciate the partnerships that exist among parish government, law enforcement and the school system, which will help us to work effectively with our partners in economic development,” Chauvin continued.
LED began working with Cortec on the proposed expansion project in March 2018. The company is expected to utilize Louisiana’s Industrial Tax Exemption Program.
The expansion is expected to be completed and placed in operation by the second quarter of 2019.