Ascentek, Inc., a leader in fluid and lubricant technology, announced it is investing $50 million to build a new, 270,000-square-foot manufacturing assistance facility and enhance operations at its existing production and distribution center in Caddo Parish to support growing demand from customers worldwide.
The company is expected to create 91 direct new jobs in manufacturing, production support and business administration, while also retaining 105 current positions. Louisiana Economic Development estimates the project will result in an additional 247 indirect new jobs, for a total of 338 potential new jobs in the Northwest Region.
“From day one, Governor Landry has ensured our department has had an equal focus on supporting and growing the businesses that have already created opportunities for our communities and people, and Ascentek is a prime example of one of those businesses,” LED Secretary Susan B. Bourgeois said. “The company’s history of impact and innovation in every aspect of its work also aligns with our agency’s new strategic plan and is just one reason we are proud to continue our partnership as they renew their commitment to Louisiana and our workers.”…