CONVENT, La. — Today, Gov. John Bel Edwards and Wanhua Chemical Group Co. Ltd. executive Weiqi Hua announced the company will develop a $1.25 billion chemical manufacturing complex in the St. James Parish community of Convent, Louisiana. The 250-acre manufacturing site will be developed at the northwest corner of the intersection of Louisiana Highways 3125 and 3214, on the east bank of the Mississippi River with deep-draft river access and available rail service.
The project will create 170 new direct jobs with an average annual salary of more than $80,000, plus benefits. Louisiana Economic Development estimates the project will result in additional 1,060 new indirect jobs, for a total of 1,230 new permanent jobs in the state. Wanhua will leverage its $1.25 billion capital investment to produce MDI, or methylene diphenyl diisocyanate. MDI is commonly used for polyurethane automotive parts, foams and elastomers, with applications in such consumer areas as appliances, electronics, spray-foam insulation, furniture, textiles and footwear.Read More