ASH Industries $5M investment to double workspace
July 15, 2022
ASH Industries, Lafayette, Louisiana, USA, a custom moulding manufacturer which offers in-house Metal Injection Moulding, thermoplastic and silicone injection moulding, reports that it will invest $5 million to expand its facility in Lafayette. The investment will see an additional 1,860 m2 of workspace, new equipment and create 85 new jobs.
Established in 1991, the company also offers rotational moulding and tooling, cast epoxy components and seven-axis Swiss lathe production. In addition to this, the company offers component assembly, secondary processing and decorating, utilising the latest in CNC, EDM and modelling technology.
“ASH Industries is optimistic about the future of manufacturing in Louisiana and so far has launched phase one of a three-phase programme to invest in jobs in our community,” commented Hartie Spence, president of ASH Industries. “The ingredients of economic development in our industry are manufacturing space, a solid employee base and the latest in cutting-edge manufacturing equipment. ASH’s current expansion will directly support and increase the services that we can provide customers who appreciate the benefits of having their products manufactured in our state.”
To secure ASH’s expansion in Lafayette, the State of Louisiana offered the company an incentive package that includes the services of LED FastStart, a workforce development programme. ASH Industries is also expected to participate in the state’s Enterprise Zone and Industrial Tax Exemption programmes.
“The expansion of ASH Industries is an important job creation project for the skilled workforce in Lafayette,” stated Gov. John Bel Edwards. “For more than thirty years, ASH has fostered a strong team, and is set to grow that team further – a testament to the opportunities available in Louisiana’s manufacturing industry.”
Lafayette Mayor-President Josh Guillory added, “ASH Industries has consistently grown since opening its doors in Lafayette 31 years ago, and expanding its operations will lead to continued success for its employees, their families and our community. This multi-million-dollar investment will not only benefit ASH Industries but Lafayette as a whole by stimulating economic growth and creating competitive job opportunities.”
