Louisiana News

Global Vessel & Tank expands New Iberia operations to support Louisiana’s energy sector

KEDM Public Radio

Published November 24, 2025 at 1:32 PM EST

NEW IBERIA, La. – Global Vessel & Tank, LLC announced it will invest $5.4 million to expand its Iberia Parish operations with new manufacturing and office space, increasing capacity to produce vital oilfield processing equipment used throughout the Gulf South.

The company is expected to create 50 direct new jobs with an average salary of $66,560, which is 120% of the average Iberia Parish wage, while retaining 106 existing positions. Louisiana Economic Development estimates the project will result in an additional 77 indirect new jobs, for a total of 127 potential new job opportunities in the Acadiana Region.

The expansion will add 30,000 square feet to the company’s facility at 3206 Coteau Road in New Iberia. The project includes a new corporate office, warehouse and fabrication shop to expand production capabilities and improve operational efficiency. Together, these additions will enhance customer service and strengthen Louisiana’s manufacturing base.

Founded in 2008 and headquartered in Lafayette, Global Vessel & Tank has grown into a key supplier of equipment for the oil and gas industry from its New Iberia facility, with products used throughout the Gulf South. Construction is currently underway with the office and warehouse to be completed by January 2026 and the fabrication shop following in March 2026.

To secure the project in New Iberia, the state of Louisiana offered Global Vessel & Tank a competitive incentives package that includes the comprehensive workforce development solutions of LED FastStart. The company is also expected to participate in Louisiana’s Quality Jobs and Industrial Tax Exemption programs.