CONVENT, LA (WAFB) - Gov. Bobby Jindal and Nucor Corporation Chairman, President and CEO John Ferriola celebrated the completion of the direct reduced iron or DRI plant in St. James Parish. The $750 million plant is part of a five-phase project.
"We can proudly point to an industrial accomplishment in Louisiana that is without peer, and we look forward to working with Nucor on future phases as we demonstrate that there's no better place to invest and create jobs than Louisiana, just as there's no better place to live, work and raise a family than Louisiana," Gov. Jindal says. " Nucor's investment in Louisiana is one of the reasons we have more people working and living with higher incomes than ever in our state."
"Our DRI plant represents a major milestone for our company and for American manufacturing," Ferriola said. "This project is a key part of our strategy to produce more of our own raw materials in order to better control costs and maintain our competitive advantage in the global steel industry. "
Nucor has created 140 new jobs so far. More than 500 construction jobs were created during the first phase, and LED estimates all five phases would result in 4,800 new indirect jobs, for a total of more than 6,000 new jobs.