Engineering News

Monsanto Investing in Louisiana Facility
Wednesday April 2, 8:48 am ET

Monsanto Invest $196M in Luling, La., Manufacturing Plant; to Increase Capacity 20 Percent

ST. LOUIS (AP) -- Agricultural products producer Monsanto Co. said Wednesday it will invest up to $196 million over the next 18 months at a manufacturing facility in Luling, La.

The investment will be used to expand infrastructure and increase the plant's capacity to produce its herbicide products, including Roundup.

The expansion will also include an energy-reduction project aimed at reducing natural gas costs and conserving and utilizing hydrogen, one of the byproducts from the manufacturing process.

Once the project is completed, Monsanto expects to be able to increase the manufacturing capacity at the site by 20 percent.

Separately, Monsanto said its second-quarter profit more than doubled to beat Wall Street expectations, and offered a forecast for 2008 with a range that exceeded analyst forecasts.

Nevertheless, shares slipped 70 cents to $112.25 in premarket electronic trading, from their close at $112.95 Tuesday.

Source: Associated Press

Engineering News Archive

 
// CAREER RESOURCES

Applicant Procedures
Job Seekers
Resume Help
Professional Organizations
Engineering Career Information
Engineering Colleges

// WHAT WE DO
Recruiters for
Professionals in the Chemical
& Pharmaceutical Industries
We recruit exclusively for Engineers and Operations/Maintenance Management Personnel in the following areas:
Specialty chemicals
Bulk chemicals
Commodity Chemicals
Petrochemicals
Fine chemicals
Agrochemicals
Industrial gases
Surfactants
Fertilizers
Solvents
Coatings
Polymers
Pharmaceuticals
Refinery
Career Center | FAQs | Privacy
SESI Corporate Headquarters (954)755-3121 ext 109
© Search Enterprises, Inc. All rights reserved.
Industry News Career Center FAQs Submit a Job About Search Enterprises Submit a Resume Candidates Job Opportunities Search Enterprises Home