St. John The Baptist Parish News Release

Multi-Million Dollar Announcement Made for West Bank of St. John

Multi-Million Dollar Announcement Made for West Bank of St. John

Thursday, May 8, 2014

Parish President Natalie Robottom joined Governor Bobby Jindal and Paul Aucoin, Executive Director of the Port of South Louisiana, in welcoming Etimine USA President and CEO Gokhan Yazici and other company representatives for announcement of the first multi-million dollar manufacturing project on the West Bank of St. John the Baptist Parish. Also in attendance were Senator Gary Smith, Jr., Council members Lucien Gauff and Lennix Madere, Sheriff Mike Tregre, Presidents V.J. St. Pierre and Timmy Roussel, Louisiana Economic Development Officials, GNO, Inc. representatives, Port of South Louisiana Commissioners and staff members and a hosts of guests from the River Parishes.

Etimine is the world’s leader in the Boron Sector with more than 47% of the market share. With various forms of glass representing the largest single outlet for Boron products at 51%, the demand for borates for hydraulic fracturing or fracking has increased. Their investment in St. John will support a growing market in the Unites States as the majority of their exports go to Europe and Asia. Etimine is committed to finding new Boron products and usages, increasing production efficiency, developing new usage areas, and contributing to new Boron technology. While this is the first step in development, Etimine plans to expand their manufacturing in the future, allowing for more growth and career opportunities in St. John Parish. “Etimine’s decision to locate in St. John Parish re-affirms the extensive opportunities in Louisiana and we are pleased that the company has chosen to make an investment in our community,” said Torri Buckles, St. John the Baptist Parish Economic Development Director.

Development of a new manufacturing facility in St. John, will facilitate Etimine's ability to supply higher-quality products for specialty chemical customers close to North America. “We are pleased to welcome Etimine USA and look forward to establishing a great community partnership with the company and helping to make their investment in our community a success for everyone. The West Bank is primed for development and the investment of $200 Million in St. John the Baptist Parish confirms our belief that we are uniquely positioned to develop a strong economic presence in the state and region,” said Parish President Natalie Robottom.

Pending final signatures, Etimine USA could begin construction during the first quarter of 2015, with the facility opening in late 2017 or early 2018. The company expects to complete hiring for all 200 new direct jobs by the end of 2017. The creation of 200 direct jobs, with an average salary of $50,000 plus benefits and 591 indirect jobs will provide a great economic boost for West Bank residents and residents throughout the parish. “The possibility of this history-making deal for the West Bank is outstanding. This development should birth other economic development opportunities which will increase the value and importance of the West Bank to St John Parish,” said Lucien Gauff, Councilman-at-Large, Division A.