Dongsung Finetec International’s project at Port of Lake Charles will support LNG projects, other industry
LAKE CHARLES, La. — Today, Gov. Bobby Jindal and Senior Vice President James Choi of Dongsung Finetec Co. Ltd. announced the company will create 250 new direct jobs and make a $5 million capital investment in a cryogenic insulation manufacturing facility in Lake Charles. Based in South Korea, Dongsung Finetec provides specialized high-performance insulation to liquefied natural gas plants and other industrial sites around the world.
The company will create 250 new direct jobs with an average annual salary of $40,000, plus benefits. Louisiana Economic Development estimates the project will result in 492 new indirect jobs, for a total of more than 742 new jobs for Calcasieu Parish and surrounding areas. The project also is expected to generate an additional 20 construction jobs.