Business Growth and Expansion

Dynamic Industries, Inc., a leading fabrication and service provider to the global oil, gas and energy industries, was recently awarded a contract to supply fabricated and assembled pipe rack modules for Sasol’s ethane cracker and derivatives complex near Lake Charles. Dynamic Industries also received a fabrication contract for a significant deep water project from one of the world’s largest energy companies. Dynamic’s scope will include the fabrication of a number of modules for a deep water platform and various other packages over the next 24 months in support of this world-class deep water discovery in the Gulf of Mexico. These contracts will significantly increase local job opportunities. Employment for these two projects will peak at 500 during the next two years.

Logan Industries chose the Port of Iberia to expand their business because of its proximity to the Gulf of Mexico. Logan provides a wide range of products and services to the oil & gas construction, drilling, production and support/diving industries worldwide. According to Patrick Vilyus, Business Development, their company has adapted to the change in the industry by specializing in deep water interventions and production. He said they will store its equipment in a 30,000 square foot facility on 10.6 acres. Logan generated 150 jobs in Hempstead, Texas where they are based. Their goal is to replicate what they have in Hempstead at the Port of Iberia location and generate approximately 300 jobs, in addition to the construction jobs to build the facility. Logan Industries is a member of Doedjins Group International.

The Bayou Companies has begun construction on a $14 million expansion at the Port of Iberia. The 56,000 square foot pipe coating facility will provide anti-corrosion coating for deep water pipelines in the Gulf of Mexico. It can potentially generate approximately $500 million in revenue and a $39 economic impact. The Bayou Companies have been located at the Port of Iberia since the late 1950s. Their long-standing commitment to the Port and Iberia Parish helped secure $1.5 million in TIF(Tax Increment Finance) funds for overall infrastructure improvements. David Taldo, Director of Operations for Bayou Companies said he hopes to rehire those who have lost their jobs in this downturn. New employees would be trained specifically for pipe coating. Construction should be completed by mid-2016. Iberia Parish Government was instrumental in deciding to earmark $1.5 million for The Bayou Companies’ expansion.

Ram Design has leased 18 acres at the Port of Iberia. The Port will invest $3 million for land improvements and construction of a facility. Ram Design, a consulting and inspection company is a leader in automated internal high speed corrosion mapping to drilling and production risers.