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Aggreko Announces New Iberia Expansion With 30 New Jobs

Jul 05, 2018 02:19PM ● By Staff Writer
Aggreko Vice President of Operations Terry Dressel announced the company is expanding its New Iberia operations in Louisiana, retaining 265 existing jobs, and creating 30 new direct jobs.

Headquartered in Glasgow, Scotland, Aggreko provides temporary solutions worldwide for power, heating, cooling, and oil-free compressed air.

“With the New Iberia expansion, Aggreko will be able to better support customer needs both here in North America and globally,” Dressel said.

Through the project, Aggreko will create 30 new direct jobs with an average annual salary of $65,000, plus benefits. In addition, Louisiana Economic Development estimates the project will result in 30 new indirect jobs, for a total of 60 new jobs in Acadiana and surrounding regions.

“Aggreko’s great success and development speaks volumes,” Iberia Parish President M. Larry Richard said. “What better example of a business in Iberia Parish that is moving this parish forward through expanding its facilities, retaining employees while adding 30 new employees, and increasing the quality of life in our community. This is a great example of a local business, state government, local government and agencies working together to move Iberia Parish Forward.”

LED’s Business Expansion and Retention Group, or BERG, began discussing a potential project with the company in February 2017. To secure the project, LED offered Aggreko a competitive incentive package that includes the comprehensive workforce solutions of LED FastStart, the nation’s top-ranked state workforce development program. Aggreko will receive a performance-based, forgivable loan of $200,000 to offset the costs of building and equipment improvements, and the company is expected to utilize the state’s Quality Jobs Program.

“Today’s announcement is great news for our parish,” said President and CEO Mike Tarantino of the Iberia Industrial Development Foundation. “Aggreko has long been a global leader in the power solutions industry and an important part of Iberia’s growing and diversifying economy. We appreciate Aggreko’s ongoing investment, commitment to our community, and the big role they play in creating and sustaining good jobs and great opportunities for our workforce.”

“Expansions like this one are drivers of the economy…,” said President and CEO Troy Wayman of One Acadiana. “…we congratulate Mike Tarantino for this retention and expansion win in Iberia Parish and are grateful for his partnership in creating and preserving jobs in Acadiana.”

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