K&B Machine Works, doing business as K&B Industries, announced it is expanding its advanced manufacturing division by establishing a new production base at a recently acquired facility in Terrebonne Parish. The $12 million investment will allow the company to increase production and better serve the state’s growing aerospace and semiconductor manufacturing equipment markets.
The company expects to create 70 new direct jobs, while retaining 350 current positions. Louisiana Economic Development estimates the project will result in 78 indirect jobs, for a total of 148 new jobs in the Bayou Region.
“This commitment by K&B Industries signals the ongoing economic recovery of the Bayou Region and illustrates the strength and diversity of Louisiana’s manufacturing and aerospace sectors, which I have worked hard this week to strengthen while meeting with companies around the Paris Air Show,” Gov. John Bel Edwards said. “Manufacturing investments have a powerful ripple effect on the economic health of our rural communities. Thank you to K&B Industries for doubling down on Terrebonne Parish and the area’s skilled and resilient workforce.”
The new location will house surface enhancement equipment and an expanded clean room for assembly and testing, precision cleaning and anodizing of equipment used to manufacture semiconductors. The recently acquired facility on Equity Boulevard near Houma will also include space for additional automated machine solutions to maximize efficiency.
“K&B Industries has always pursued the latest technologies regardless of the markets we serve, and our diversification into the aerospace and semiconductor markets has allowed us to build a skill set that did not exist in the area before,” K&B Industries President Kenny Wood, Jr. said. “Our investment in our people has led us to establish a variety of training programs to help grow from within to meet the complex demands of manufacturing, quality, assembly, test and processing of rigorous aerospace and semiconductor industry standards.”
K&B Industries began operations in the Bayou Region in 1974. Since then, it has grown into a leading supplier of premium threading, manufacturing and engineering services for the aerospace and oil and gas industries.
The company estimates its upgrades to the 118,000 square foot facility will be complete this summer. The installation of a precision chemical cleaning line for semiconductor manufacturing equipment production is expected in September, and full operations are projected to commence before the end of the year.
“K&B Industries is one of the top-rated companies to work for and an exceptional community partner in Terrebonne Parish,” Terrebonne Economic Development Authority CEO Cohen Guidry said. “The company has been providing superior services to the energy industry for nearly 50 years and this latest expansion will allow them to offer services never before available in the state of Louisiana.”
To secure the project, the state of Louisiana offered K&B Industries a competitive incentives package including a performance-based $480,000 retention and modernization tax credit subject to the achievement of payroll and investment targets. The company is also expected to participate in the state’s Industrial Tax Exemption and Quality Jobs programs.
About K&B Machine Works
K&B Machine Works, LLC was founded by Kenneth Wood, Sr, in 1974. The company’s guiding values of service, quality and dedication to its people, the K&B Plus Factor, has driven the company to be a trusted and preferred provider for every major oil company and oilfield service provider in the industry. Dedication to creative solutions and leveraging technology has helped it to expand into the aerospace and semiconductor markets, both of which are technically demanding and have high barriers to entry. The company’s corporate headquarters are in Schriever; it operates additional sites in Houma and Houston, along with a joint venture serving the energy sector in Guyana. Learn more at kb-industries.com.
Louisiana Economic Development is responsible for strengthening the state’s business environment and creating a more vibrant economy. It is the only state agency in the U.S. accredited by the International Economic Development Council, boasting award-winning programs like LED FastStart, rated the No. 1 customized workforce training program in the U.S. 13 years in a row. In 2022, LED attracted 53 new economic development projects representing 18,137 new direct, indirect and retained jobs and $20.7 billion in new capital investment. Explore how LED cultivates jobs and economic opportunity for the people of Louisiana and employers of all sizes at OpportunityLouisiana.com.
LED Media Contacts:
Mark Lorando, Communications Director
Ron Thibodeaux, Press Secretary
Whitney Bouterie, K&B Machine Marketing Director