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BREAKING 8-26-08 Gov Jindal, The Shaw Group & Westinghouse: Nuclear Component Mfg in La.
Tuesday, Aug 26, 2008 9:05am

BATON ROUGE, LA (By: Tom Pace, Executive Editor, Talk of the Town) BREAKING: STATE ECONOMIC NEWS 11am 8-26-08  It’s the first nuclear module manufacturing facility in U.S., and it’s being built in Louisiana at the Port of Lake Charles, according to Governor Boby Jindal.  With a total of nearly 2,900 new direct jobs and a total new payroll in excess of $1 billion over the first 10 years, this is one of the largest projects ever announced in the state of Louisiana.

Governor Jindal joined The Shaw Group Inc. and Westinghouse for the official announcement today, that the companies will build the first module fabrication and assembly facility focused on constructing components for new and modified nuclear reactors in the United States

The facility, a joint venture between Shaw and Westinghouse, will be located at the Port of Lake Charles. Additionally, Governor Jindal and Shaw also announced that the company has committed to keep and grow its corporate headquarters in Baton Rouge for at least fifteen years. 

Shaw Chairman, President, Chief Executive Officer Jim Bernhard, Controller of Westinghouse’s Nuclear Power Plants Division James Young and Louisiana Department of Economic Development (LED) Secretary Stephen Moret were all part of today’s announcements in Baton Rouge and Lake Charles

In Baton Rouge, the group was also joined by Baton Rouge Mayor Melvin L. “Kip” Holden, and at the Lake Charles announcement, U.S. Rep. Charles Boustany, Lake Charles Mayor Randy Roach, Port of Lake Charles Director Adam McBride and Chamber Southwest President and CEO George Swift joined the group. 

In addition to constructing components for new and modified nuclear reactors, the new Lake Charles facility will have the capability to manufacture modules for chemical sites and petrochemical plants around the world. It will create at least 1,400 jobs in Lake Charles over the next five years at an average salary of $50,000 plus benefits.

Shaw has also committed to increase its professional/non-craft jobs by 1,500 (over and above the new jobs created in Lake Charles) at an average salary of $50,000 plus benefits. 

Governor Jindal said, “This is a huge day for our state. Today we officially announce that Louisiana will be home to the first nuclear module manufacturing facility in the U.S., Shaw will retain their headquarters in Baton Rouge for at least 15 years, and Shaw and Westinghouse together will generate 2,900 new jobs in our state.” 

"This is a truly historic announcement for the people of Louisiana and our entire nation. As we continue to face rising energy prices and search for ways to decrease our nation’s reliance on foreign sources of oil, we know that we have to invest more in alternative domestic energy sources like wind, ethanol, solar and nuclear energy,” said Jindal.

The Governor concluded: “This announcement does not only represent new jobs and a new, vibrant economic engine in our state, but also shows that Louisiana is harnessing the future of the energy industry and the most innovative thinking of the next generation.”

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