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Lubrication Technologies presents $4.3M investment; board places ITEP tax-exemption on consent
Summary
Lubrication Technologies told the Caddo Parish School Board it invested about $4.3 million in equipment to expand production capacity at its Shreveport plant; staff said the ITEP exemption would be roughly $38,000 in the first year.
Lubrication Technologies Incorporated representatives on Tuesday described a multi-year plant expansion in Shreveport and answered trustees’ questions about jobs and workforce training before the board placed the company’s ITEP (Industrial Tax Exemption Program) request on the consent agenda.
David Hewitt, plant manager, said the company invested about $4.3 million in equipment to increase production capacity at its existing West Bert Kouns Industrial Loop facility and that a…
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