Iriapak to invest $7 Million for New Louisiana Packaging Film Plant

Specifications:

Name:

Iriapak to invest $7 Million for New Louisiana Packaging Film Plant

Location:

Louisiana

Company:

Iriapak

Estimated Cost:

$7 Million

Source:

www.businessfacilities.com

Introduction:

Iriapak will make a $7 million capital investment to establish a packaging film manufacturing facility in eastern New Orleans, LA.

Features:

Iriapak manufactures packaging for home paper products, such as paper towels and tissue. The New Orleans mill will be the company’s first North American location.

The company will occupy a New Orleans industrial site that had been vacant since it was badly damaged by a February 2017 tornado. Located just off Old Gentilly Road in the New Orleans Regional Business Park, the building was once a Lockheed Martin facility.

Iriapak will create 25 new direct jobs with an average annual salary of $38,953, plus benefits. Louisiana Economic Development (LED) estimates the project also will result in 28 new indirect jobs, for a total of 53 jobs in the Southeast Region of Louisiana.