News Summary
Ascentek is set to invest $50 million in Caddo Parish, creating 91 direct jobs and retaining 105 positions. The new facility will enhance local employment and produce lubricants while leveraging the area’s strategic location for shipping and hurricane protection.
Caddo Parish, Louisiana
Ascentek has announced a $50 million expansion project in Caddo Parish, which is set to create 91 new direct jobs and retain 105 existing positions. The company plans to build a new manufacturing and distribution facility covering 270,000 square feet at 7699 West Bert Kouns Industrial Loop, near the site of the former GM plant. This expansion is not only expected to enhance employment opportunities in the area but will also generate a total of 247 indirect jobs for local residents.
Ascentek, recognized as a leader in fluid and lubricant technology, has a reputation for delivering high-quality products to companies worldwide. The company, established in 1932, has significantly expanded through a series of mergers and acquisitions over the past three decades, diversifying its production to include lubricants for major brands as well as products designed for power sports and marine applications.
The new facility in Caddo Parish was strategically chosen due to its advantageous proximity to customers located in the Southeastern and Deep South regions of the United States. Moreover, the area’s geographic location provides a protective barrier against hurricanes while offering easy access to Gulf supply sources.
Local Support and Infrastructure Development
In support of Ascentek’s expansion efforts, local government bodies including Louisiana Economic Development have proposed a competitive incentive package comprising the Quality Jobs program, Industrial Tax Exemption, and assistance from the FastStart workforce development initiative. Additionally, Caddo Parish has committed to improving local infrastructure, including the installation of new traffic lights to facilitate easier access to the new facility.
Future Growth and Industry Innovation
The new facility will not only manufacture lubricants but may also expand operations to include shipping options via The Port of Caddo Bossier. Ascentek’s expansion aligns with its recent initiatives in battery manufacturing, as seen with the launch of Voltage Vault in 2025, which focuses on creating advanced sodium-ion starter batteries aimed at improving battery performance.
Ascentek’s production capabilities span across land, sea, and air applications, particularly highlighting their commitment to aviation product safety and efficiency. The company’s President and CEO, Chad Baker, has emphasized a long-term vision for developing innovative battery technologies, including potential services in charging and drop-shipping.
Community Engagement and Economic Impact
Local officials have expressed confidence in the opportunity this expansion presents for the Shreveport area. Their strong support reflects a commitment to harnessing the local workforce’s talent, as indicated by the high volume of job applications received by Ascentek. This expansion is expected to significantly improve local infrastructure and help bolster Shreveport’s reputation as a hub for advanced manufacturing.
Ascentek’s decision to expand into Caddo Parish is also a significant indicator of the increasing interest from other states in the company’s growth plans. The company’s ambitious initiatives and local engagement could lead to remarkable economic benefits for the area.
Deeper Dive: News & Info About This Topic
HERE Resources
Ascentek to Expand Operations in Shreveport
Ascentek Announces Major Expansion in Caddo Parish
Economic Outlook for Shreveport-Bossier Highlights Job Growth and Risks
Ascentek, Inc. Announces Major Investment in Shreveport
Investigation Launched into Caddo Parish Commission
Ascentek Invests $50 Million to Expand Operations in Shreveport
Ascentek Invests $50 Million in Shreveport Manufacturing Facility
Shreveport Welcomes $50 Million Ascentek Expansion Project
Additional Resources
- Shreveport-Bossier Advocate
- Wikipedia: Caddo Parish, Louisiana
- The Center Square
- Google Search: Ascentek expansion Louisiana
- Encyclopedia Britannica: Lubricant
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.
