Monsanto

April 18, 2016 Comments Off on Monsanto Announces $975M Site Expansion Views: 392 California News, Louisiana, National News, Southeast

Monsanto Announces $975M Site Expansion

Monsanto has announced expansion of its complex at 12501 River Rd. in Luling, LA. The $975 million investment will enable the company to launch its Roundup Ready Extend Crop System in the U.S., Brazil and other parts of Latin America. The expansion, scheduled for completion in 2019, is anticipated to create 95 new direct jobs.

The state of Louisiana will provide Monsanto a performance-based Modernization Tax Credit of $3.75 million, and a performance-based $1.7 million Economic Development Award Program grant, to reimburse rail and electrical infrastructure costs associated with the expansion.

“Our Luling facility’s unique geographic location within our manufacturing network will help provide our farmer customers across the Americas with better access to a critical weed management tool,” said Monsanto President/COO Brett Begemann.

Read More at Area Development

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