Joint venture, Module X Oldcastle, building a stronger future in Shreveport
SHREVEPORT, La. — Module X Oldcastle Chairman Steven L. Schoonover announced a joint venture between Oldcastle Precast Inc. and Module X Solutions, or MXS, that will operate in the 750,000-square-foot, City of Shreveport-owned manufacturing facility where MXS is the major tenant.
Module X Oldcastle, or MXO, will chiefly manufacture protective modular buildings for telecommunications, petrochemical, oil and gas, fiber regeneration, and solar properties while MXS will continue in the production of protective building systems for domestic and international government projects.
MXS has operated in the Shreveport manufacturing facility since 2014 when it expanded existing modular building production on the site and began $7.4 million in capital improvements. By combining with Oldcastle Precast, MXS will join forces with a subsidiary of CRH, a construction and building materials conglomerate based in Dublin with more than $26 billion in 2015 sales. Since 2003, Louisiana has led the U.S. in per capita foreign direct investment projects and is No. 2 in overall FDI projects.
“Oldcastle is a great addition to Louisiana’s portfolio of international companies that see our state as the right choice for business and investment,” Louisiana Gov. John Bel Edwards said. “Adding one of the world’s leading building products and materials companies, based in Ireland, to Northwest Louisiana’s economy will serve to strengthen Oldcastle operations and create new jobs in Louisiana.”
Read more of this story at Louisiana Economic Development. Photo courtesy of Oldcastle Precast.