Fibrebond Announces $50 Million Expansion in NWLA

There’s some Good economic development news for northwest Louisiana. Industrial manufacturer Fibrebond has announced a $50 million expansion of its production facility in Minden.
Louisiana Economic Development Secretary Susan Bourgeois says Fibrebond is taking advantage of a retention and modernization state tax credit to build a new production facility. “What we have to be better at in Louisiana and what we are committed to is making sure that the very industries, the very families, the very legacies that have built the economy of this state are the ones my department pays as much attention to as we do chasing shiny things.”
Fibrebond supports data center, telecommunications, industrial and utility projects across the country. The expansion will enable Fibrebond to retain more than 450 existing jobs. It is also expected to result in nearly 650 indirectly- supported jobs in the state.
Company officials announced that construction will begin in June, with the expansion bringing Fibrebond’s total manufacturing and warehouse space to more than one million square feet on its 254-acre campus.