Austrian investments propel Louisiana to FDI leadership
Companies like Benteler have made some of the most transformative investments in Louisiana’s recent history, and the state stands ready to assist additional potential Austrian investors. Louisiana’s business climate combines a variety of competitive advantages, including the nation’s No. 1 ranked state workforce training program, low industrial operating costs and robust international transportation options, placing the state as a leading environment for foreign direct investment.
NOTABLE AUSTRIAN INVESTMENT IN LOUISIANA
- Schoeller-Bleckmann Energy Services – Manufacturing facility for oil & gas services
- Benteler Steel/Tube
In October 2012, Benteler Steel/Tube announced a $975 million, two-phase facility that will include both a seamless steel tube mill and a steel mill. The project, on 330 acres at The Port of Caddo-Bossier, is one of the largest manufacturing projects in Northwest Louisiana's history. In addition to creating 675 direct jobs, Louisiana State University estimates it is resulting in 1,540 new indirect jobs. The steel tubes produced by the facility will be used for the exploration and transportation of oil and gas, as well as for the generation of power and mechanical applications.
“By removing obstacles, reducing bureaucracy, providing meaningful support and eliminating roadblocks, Louisiana officials at all levels convinced us that this state is the ideal location for our production facility.”
Matthias Jaeger, CEO and President (2012-2016)
TRADE BETWEEN AUSTRIA AND LOUISIANA
EXPORTS TO AUSTRIA
|
| Organic Chemicals |
$1.1 million |
| Aircraft, Spacecraft, And Parts Thereof |
$745,426 |
| Miscellaneous Edible Preparations |
$655,971 |
| Mineral Fuel, Oil Etc.; Bitumin Subst; Mineral Wax |
$511,562 |
| Optic, Photo Etc., Medic or Surgical Instruments Etc. |
$391,071 |
| Inorg Chem; Prec & Rare-earth Met & Radioact Compd |
$98,914 |
| Wadding, Felt Etc; Sp Yarn; Twine, Ropes Etc. |
$22,990 |
| Works Of Art, Collectors' Pieces and Antiques |
$11,895 |
| Arms and Ammunition; Parts and Accessories Thereof |
$10,354 |
| Electric Machinery Etc; Sound Equip; Tv Equip; Pts |
$9,360 |
Total
|
$3.5 million
|
USATrade 2022
IMPORTS FROM AUSTRIA
|
| Nuclear Reactors, Boilers, Machinery Etc.; Parts |
$144 million |
| Articles of Iron or Steel |
$4.4 million |
| Wood and Articles of Wood; Wood Charcoal |
$3.5 million |
| Organic Chemicals |
$3.5 million |
| Optic, Photo Etc., Medic or Surgical Instruments Etc. |
$1.4 million |
| Plastics and Articles Thereof |
$1.4 million |
| Electric Machinery Etc.; Sound Equip; TV Equip; Pts |
$660,224 |
| Salt; Sulphur; Earth & Stone; Lime & Cement Plaster |
$498,575 |
| Iron and Steel |
$488,506 |
Miscellaneous Chemical Products
|
$381,440 |
Total
|
$160.7 million
|
USATrade 2022
CULTURAL TIES AND RESOURCES
Honorary Consul of Austria Mr. Jean Paul Lagarde
3509 Annunciation Street
New Orleans, Louisiana 70115
Tel: 504.374.1299
consulate@austria-nola.org
The Austrian Marshall Plan Center at the University of New Orleans (UNO) is one of only three Austrian Centers in North America. UNO has maintained a partnership with the University of Innsbruck since 1976. The universities offer student exchanges, research, and publication projects. Learn more here.