News Summary
Ascentek has announced a $50 million expansion in Caddo Parish, Louisiana, which will create 91 jobs and retain 105 existing positions. The new 270,000-square-foot facility will enable the company to enhance its manufacturing capabilities in lubricants and fluids. This project is also expected to create 247 indirect jobs, boosting the local economy significantly. The expansion underscores Ascentek’s commitment to advancing manufacturing and technology in the region, including a focus on sodium ion battery technology.
Shreveport, Louisiana – Ascentek has announced plans for a $50 million expansion in Caddo Parish that is set to create 91 direct jobs and retain 105 current positions. The company, known for its production of lubricants and fluids across multiple industries, will construct a new 270,000-square-foot facility at 7699 West Bert Kouns Industrial Loop. This expansion is projected to generate an additional 247 indirect jobs, adding a significant boost to the local economy.
The new facility will enable Ascentek to enhance its manufacturing capabilities, transitioning from a distributor to a manufacturer specifically in the power sports, marine, and outdoor power equipment sectors. Additionally, the company has recently expanded its market to include aviation lubricants, underscoring the need for high precision in aviation oil management due to stringent safety standards.
Ascentek, founded in 1932 and headquartered in Golden Valley, Minnesota, recognizes the importance of being closer to its customer base in the Southeast and Deep South regions. The company has noted that the location in Shreveport is especially advantageous, as it lies outside of the hurricane-prone areas and is conveniently located near Gulf supply routes.
The expansion will not only focus on lubricant production but may also incorporate new technologies, particularly sodium ion batteries for vehicles under the initiative known as “Voltage Vault.” There is also a long-term vision for expanding battery manufacturing and improving performance capabilities within the region.
To support this expansion, Louisiana Economic Development has offered a competitive incentive package to Ascentek, which is expected to facilitate the development of the facility. In addition to creating job opportunities, the Caddo Parish government plans to enhance local infrastructure, including the implementation of new traffic lights to ensure safer access to the facility, a move that illustrates the local government’s commitment to fostering economic growth.
The significance of Ascentek’s expansion extends beyond just job creation; it is seen as a vital development for the economic vitality of northwest Louisiana. Local officials have emphasized that this investment is crucial for strengthening the job market and improving local capabilities.
The groundbreaking ceremony for the new facility is anticipated to take place later in 2025, marking the beginning of this ambitious project. Ascentek’s shift towards manufacturing and its enhanced focus on technological advancements are expected to make a lasting impact in the region’s industrial landscape.
The company continues to position itself as a key player in fluid and lubricant technology, and this expansion is poised to solidify its presence in various sectors while generating substantial economic benefits for the Shreveport area and beyond.
Deeper Dive: News & Info About This Topic
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Additional Resources
- Shreveport-Bossier Advocate
- Wikipedia: Economic Development
- The Center Square
- Google Search: Ascentek
- Shreveport-Bossier Advocate
- Encyclopedia Britannica: Manufacturing
- The Center Square
- Google News: Caddo Parish Ascentek
Author: STAFF HERE SHREVEPORT WRITER
The SHREVEPORT STAFF WRITER represents the experienced team at HEREShreveport.com, your go-to source for actionable local news and information in Shreveport, Caddo Parish, and beyond. Specializing in "news you can use," we cover essential topics like product reviews for personal and business needs, local business directories, politics, real estate trends, neighborhood insights, and state news affecting the area—with deep expertise drawn from years of dedicated reporting and strong community input, including local press releases and business updates. We deliver top reporting on high-value events such as Mudbug Madness Festival, Red River Revel Arts Festival, and Independence Bowl. Our coverage extends to key organizations like the Shreveport-Bossier Chamber of Commerce and Shreveport Regional Arts Council, plus leading businesses in gaming, healthcare, and energy that power the local economy such as Horseshoe Casino, Ochsner LSU Health, and Atmos Energy. As part of the broader HERE network, including HEREBatonRouge.com and HERENewOrleans.com, we provide comprehensive, credible insights into Louisiana's dynamic landscape.
