K&B INDUSTRIES INVESTS $12 MILLION TO CREATE SECOND MANUFACTURING FACILITY NEAR HOUMA

URLhttps://bossierpress.com/kb-industries-invests-12-
SourceBossier Press Tribune News
Date Published06/20/2023

Additional Reshoring Information:

Company/Division name K&B Industries
Parent companyK&B Machine Works
Type of work Manufacturing
Reshoring category:Reshoring
Total number of jobs (added or to be added):70
Year reshoring announced:2023
Year reshoring implemented or to be implemented:2023
Capital investment ($):12
City reshored to:Terrebonne Parish
State(s) reshored to:LA
If relevant, work nearshored to:-
Industry(ies):Computer & Electronic Products
Product(s) reshoredsemiconductors chips
What domestic positive factors made reshoring more attractive?Automation/technology, Better Control of Process/Delivery/Factory, Customization/Flexibility, Government Incentives, Govt. Policy and subsidies, Higher productivity, Skilled workforce availability/training, Under-utilized capacity, CHIP and local state incentives
Government Incentive dollar amount:State incentive: $480,000
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