ASH Industries announces expansion of 85 jobs in Lafayette
ASH Industries, a custom casting maker that makes specialty products ranging from surgical devices to laser light show components, will invest $5 million to expand its Lafayette Parish plant. The project will create 85 new direct jobs with an average annual salary of $40,600 plus benefits while maintaining 67 jobs. Louisiana Economic Development estimates that the project will create 120 indirect jobs, for a total of 205 new jobs in the Acadiana region of Louisiana.
The project will double the size of ASH’s fabrication shop, adding 20,000 square feet of workspace.
“The expansion of ASH Industries is an important job creation project for skilled labor in Lafayette,” Governor John Bel Edwards said. “For more than 30 years, ASH has built a strong team and is poised to grow that team even further – a testament to the opportunities available in Louisiana’s manufacturing industry.”
The company, established in 1991, will add new equipment including chiller, 125ft extension crane and water cooling equipment for machinery.
“ASH Industries is optimistic about the future of manufacturing in Louisiana and has so far launched the first phase of a three-phase program to invest in jobs for our community,” said the company’s president, Hartie Spence. “The ingredients for the economic development of our industry are manufacturing space, a strong employee base and the latest state-of-the-art manufacturing equipment. ASH’s current expansion will directly support and increase the services we can provide to customers who enjoy the benefits of having their products manufactured in our state.
To secure ASH’s expansion into Lafayette, the State of Louisiana offered the company a competitive incentive package that includes FastStart LED Services, ranked #1 in the Workforce Development Program statewide for the past 12 years. The company is also expected to participate in the state’s enterprise and industrial zone tax exemption programs.
“ASH Industries has grown steadily since opening its doors in Lafayette 31 years ago, and the expansion of its operations will lead to continued success for its employees, their families and our community,” said the mayor-president of Lafayette, Josh Guillory. “This multi-million dollar investment will benefit not only ASH Industries, but Lafayette as a whole by driving economic growth and creating competitive employment opportunities.”
“Hartie Spence and ASH Industries are exemplary examples of the ingenuity and innovation found in the parish of Lafayette and Acadiana,” said Mandi D. Mitchell, president and CEO of the Lafayette Economic Development Authority. “We appreciate the investment and continued growth of ASH Industries in North Lafayette. The 85 jobs created by this expansion will provide quality employment opportunities for nearby residents in advanced manufacturing, which is one of LEDA’s target industries.