Cortec CMS, an industrial valve company, said it will build a $6 million manufacturing and distribution facility near Port Allen that will create 30 new jobs.
The Houma-based company, which makes high-pressure valves used in deepwater drilling, will move its Lafayette office to Port Allen. The move will allow Cortec to retain 112 Louisiana jobs.
The new facility, which will be on a six-acre site along La. 1 north of Port Allen near Poplar Grove Plantation, will be completed by the end of 2014. The new jobs will have an average annual salary of $55,000, plus benefits.
The Louisiana Economic Development department estimates the plant will also create 40 indirect jobs.
While construction of the 35,000-square-foot facility will end in late 2014, hiring for the new positions will start in early 2015.
Cortec began talking to LED in April about an expansion. The company is expected to use the state’s Quality Jobs and Industrial Tax Exemption programs.