Baton Rouge, La. -- Fibrebond will keep its operations -- and thus hundreds of jobs -- in Minden, according to a statement released Thursday by Gov. John Bel Edwards.
The state will provide transportation infrastructure improvements and workforce training solutions that will benefit not only Fibrebond, but also other major employers in Northwest Louisiana, Edwards' release states.
Edwards and others will sign a Memorandum of Understanding in early October that will identify specific improvements the state will provide.
Fibrebond leaders last month announced a decision would be made by Oct. 1 on its future in Webster Parish. CEO Graham Walker said the company was being forced to make a decision about its location because the deteriorating conditions of some of the state's bridges meant they may not be able to get their product to market.
“I am happy to announce we have reached a positive solution that will keep Fibrebond operating in Webster Parish,” Edwards said. “The Louisiana Department of Transportation and Development and Louisiana Economic Development are teaming up to deliver improvements in both logistics and workforce training. This is a great solution that not only retains a major employer in Minden, but also will improve operations for other key employers in Webster Parish and the Northwest Region as well. On behalf of myself and the people of Northwest Louisiana, I appreciate Fibrebond renewing its commitment to Louisiana.”
Infrastructure improvements will include upgrades to roads and bridges in the region to accommodate vehicles transporting Fibrebond’s oversized and heavy manufactured products. Fibrebond specializes in the manufacturing of engineered-to-order structures and other complex products for use in data center, petrochemical, energy and telecommunications markets.
Walker considered moving the company and its 750 jobs to East Texas if infrastructure problems were not addressed.