Italian company Iriapak has revealed plans to open a packaging film manufacturing facility in eastern New Orleans, Louisiana, US.
The company will invest $7m for its first facility in North America.
The facility will be built on an industrial site off Old Gentilly Road in the New Orleans Regional Business Park. The building was once home to a Lockheed Martin facility.
As estimated by Louisiana Economic Development (LED), the upcoming facility is expected to create a total of 53 jobs in the south-east region of Louisiana, 25 of which are direct jobs and 28 indirect jobs.
Governor of Louisiana John Bel Edwards said: “From Boeing’s work on Nasa’s Space Launch System to the recent return of Dixie Beer, New Orleans East has been trending as a centre of advanced manufacturing.
“We are happy to welcome another international investment to the region with the arrival of this Italian company. Our skilled Louisiana workforce and the state’s strong support for manufacturing industries should make this an ideal location for Iriapak’s first production plant in North America.”
Iriapak was founded in 1978 and manufactures packaging for paper towels and tissue products.
The project was secured following a competitive incentive package offered by the state of Louisiana.
The package includes comprehensive solutions of LED FastStart, and a performance-based grant of to $250,000 for site infrastructure improvements.
Iriapak executive Jeffrey Crevoiserat said: “I worked in Louisiana for 15 years after graduating from Tulane University, and I have long had a desire to find my way back to Louisiana and to contribute something to the state that was so influential in my life.
“Our location in New Orleans East offers incredible access to the entire East Coast of the US logistically; an immense labour market; a regulatory infrastructure that wants to work with us and welcomes us; and exceptional port facilities for us to import materials and export product.”