News > Press Releases
Aug 07, 2013
Company is Nearly Halfway Toward Completing its Expansion
ARCADIA — Today, Governor Bobby Jindal and General Manager Tony Campbell of Haynes International Inc.’s Arcadia site highlighted the company’s progress toward completing a $37 million expansion that will create 19 new direct jobs and result in an estimated 46 new indirect jobs for the area. The project, which is nearly halfway complete, also retains 141 existing workers at the Haynes International tubular products facility. The new jobs will be filled by the second quarter of 2014, with a project close-out on schedule for September 2014. Governor Jindal met with company, parish and local officials as part of his 64-parish tour across the state.
In June 2012, Haynes International announced the expansion aimed at increasing its output of tubular titanium goods for the aerospace industry. So far, Haynes has completed more than 40 percent of the project, which includes a 35,000-square-foot building expansion that will bring the facility to 200,000 square feet on 47 acres. Over the next year, the company will begin installing new internal equipment, beginning with a new vacuum furnace this month and continuing with the installation of polishing equipment, ultrasonic test equipment and pilger mills in succeeding months. The project is also expected to create 80 new construction jobs.
Governor Jindal said, “It’s great to be back in Bienville to highlight the ongoing success of Haynes’ exciting expansion. This project is one of many investments throughout our state that is helping to continue Louisiana’s incredible economic momentum. Haynes International could have expanded in Indiana, North Carolina or elsewhere, but they chose to expand right here in Louisiana because of our strong business climate, outstanding workforce and first-class infrastructure. We look forward to working with Haynes on their continued success as they become increasingly competitive and hire even more workers.”
In Arcadia, Haynes will begin hiring for remaining positions in the second quarter of 2014, with the new direct jobs paying an average of $38,000 per year, plus benefits.
“We at Haynes International greatly appreciate the ongoing support from Governor Jindal and the LED,” said Scott Pinkham, Haynes International's vice president of manufacturing. “Their support and partnership proved to us that Louisiana was the place where we should continue to invest.”
LED’s Business Expansion and Retention Group, or BERG, worked with Haynes to secure the project in June 2012. Louisiana will provide Haynes with a $1.15 million Modernization Tax Credit incentive, to be claimed over five years. The program provides up to a 5 percent tax credit based on the capital investment by companies that upgrade their facilities and make them more efficient. In addition, Haynes is expected to utilize the state’s Industrial Tax Exemption and Quality Jobs incentive programs.
The majority of the Haynes International workforce in Arcadia lives in the area bounded by Minden to Ruston and Homer to Jonesboro, with a small percentage of employees commuting from as far as the Shreveport-Bossier City area. By increasing the site’s output and efficiency, Haynes International will be able to solidify the plant’s future, attract additional aerospace business and diversify its customer base. Long-term forecasts show increasing demand over the next 15 years for the Arcadia site’s titanium tubular products, which are used to build hydraulic systems in aircraft.
About Haynes International
Haynes International Inc. is a leading developer, manufacturer and marketer of technologically advanced, nickel and cobalt-based high-performance alloys, primarily for use in the aerospace, chemical processing and land-based gas turbine industries. For more information, visit http://www.haynesintl.com/.