German company expanding to La.
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SHREVEPORT — A German steel company has selected Louisiana for a $900 million U.S. expansion.
At a news conference Friday, Gov. Bobby Jindal and Benteler Steel/Tube said the company will build a new hot rolling tube mill at the Port of Caddo-Bossier. The move is expected to create 1,000 construction jobs and an estimated 675 full-time positions at the facility when at full capacity.
Company officials said the new mill will strengthen its position in the North American oil country tubular goods market. Groundbreaking is scheduled for spring.
Benteler Steel/Tube, headquartered in Paderborn, Germany, is a business unit of Benteler Group based in Salzburg, Austria.
By the Associated Press