Denka Performance Elastomer’s joint venture with DuPont brings jobs, new headquarters to New Orleans
LAPLACE, La. — Denka Performance Elastomer LLC President, CEO Koki Tabuchi, and Gov. Bobby Jindal announced the creation of a new corporate headquarters at the company’s LaPlace site, where Denka has acquired the Neoprene synthetic rubber business of DuPont Performance Polymers. The project will create 16 new corporate executive jobs with an average annual salary estimated by LED at $80,000, plus benefits. LED also estimates the project will result in another 81 new indirect jobs, for a total of nearly 100 new jobs in the greater New Orleans area and the Southeast Region of Louisiana.
Denka Performance Elastomer will retain 235 existing manufacturing jobs associated with the Pontchartrain Works production site in LaPlace, where DuPont will continue to operate its separately owned DuPont™ Kevlar® business.
Jindal said, “With one of the nation’s best business climates, Louisiana offers corporations very attractive business operating costs and our state ranks No. 1 for the lowest tax burden applied to new and mature manufacturing projects and No. 4 for lowest tax burden on corporate headquarters. Also considering our outstanding workforce and quality of life, the decision to establish corporate headquarters in Louisiana becomes a sound investment for companies like Denka Performance Elastomer. We’re delighted that they will be creating valuable corporate headquarters jobs in Louisiana and continuing to employ the talented manufacturing employees who have made the Pontchartrain Works site in LaPlace successful for so many years.”
Source: Louisiana Economic Development