St. Francisville's Tembec Inc. reopening
POSTED: Friday, April 17, 2009 - 6:40pm
UPDATED: Thursday, June 3, 2010 - 11:58pm
A major economic announcement for the Greater Baton Rouge Area, one that will bring hundreds of jobs to West Feliciana Parish. Our Kianga Kelley tells us how an idle paper mill is getting a fresh start with a new owner.
It’s been two years since Tembec Inc. closed its doors in St. Francisville, but after much negotiation Pan-American Capital Group has agreed to reopen the plant known for making more than half of the nation’s coffee filters and specialty coated paper for publications.
Governor Jindal says “This is yet another example of Louisiana outperforming the national economy as investors pull back elsewhere they continue to invest in our state.”
This reopening will help bring back high paying jobs, providing at least 200 jobs with a paying salary of more than $70,000 plus benefits. “It took a lot of work to make sure that this day happened instead of the announcement like so many other places that this facility is being sold for scrap.”
Officials for Pan-America Capital say they chose the West Feliciana facility over mills in other states for several reasons, such as the building’s flexibility and location.
The group plans to invest $46 million to refurbish and upgrade the facility.