Global Vessel & Tank, LLC announced it will invest $5.4 million to expand its Iberia Parish operations with new manufacturing and office space, increasing capacity to produce vital oilfield processing equipment used throughout the Gulf South.
The company is expected to create 50 direct new jobs with an average salary of $66,560, which is 120% of the average Iberia Parish wage, while retaining 106 existing positions. Louisiana Economic Development estimates the project will result in an additional 77 indirect new jobs, for a total of 127 potential new job opportunities in the Acadiana Region.
“Global Vessel & Tank’s expansion shows how Louisiana manufacturers continue to meet industry demand while creating new opportunities for local workers. The company’s growth in Iberia Parish highlights the important role of energy manufacturing in driving regional investment and job creation.”–LED Secretary Susan B. Bourgeois…