ARCADIA – Today, Governor Bobby Jindal and Tony Campbell, general manager of Haynes International Inc.’s Arcadia site, announced the company will expand its Arcadia Tubular Facility, creating 19 new jobs and retaining 141 jobs. Haynes will spend $37 million on the building expansion and new capital equipment to meet additional demand from its customers in the aerospace industry and other markets.
Haynes is one of the leading producers of titanium hydraulic tubing for global aircraft manufacturers. In Arcadia, the plant currently operates at full capacity, but demand for titanium tubing is increasing and is expected to remain strong for the next two decades. Along with creating 19 new direct jobs, with an average salary of $38,000, plus benefits, the project will result in 46 new indirect jobs, LED estimates.
Haynes plans to begin hiring in the next six to eight months. The company expects to complete work on the 35,000-square-foot addition by the second quarter of 2013, increasing its total plant size to 200,000 square feet. The first new rolling mill is scheduled to begin operation in June 2014, while the second is slated to start operating in October 2014.