Chemical manufacturer moving headquarters to Louisiana
A chemical manufacturer is moving its headquarters from Houston to Lake Charles.
Gov. John Bel Edwards and Lotte Chemical USA announced Thursday its headquarters will be located with its $1.1 billion chemical plant under construction in the city.
The two facilities will create 130 new jobs with an average annual salary of more than $80,000 plus benefits, according to the governor's office. Fifty of the jobs are tied to the headquarters move. The plant is expected to start operations in 2019.
Lotte Chemical is a leading manufacturer of petrochemical products. The plant in Lake Charles will produce monoethylene glycol, an ingredient used in making paper, textile fibers, latex paints, asphalt, antifreeze and coolants.