Governor Bobby Jindal joined Halliburton Senior Vice President Marc Edwards yesterday to dedicate Halliburton's new Lafayette Completion Tools Manufacturing Facility.  With the new facility, the company says that they will be able to create one hundred sixty jobs at the facility by December.  Right now there are one hundred thirty-five employees, and they expect to reach an eight million dollar payroll this year.

Halliburton says they have invested nearly 65 million dollars in their plant.  They make complex machined components for oilfield service operations.

Governor Bobby Jindal said, "Halliburton has a long history of doing energy business in Louisiana and providing good jobs for our people. When we took office, we committed to making Louisiana the most competitive state for businesses to invest and expand because we knew our commitment would grow our economy and lead to even more jobs. Halliburton's expansion is further proof of Louisiana's strong business climate and our commitment to retaining and growing existing Louisiana companies."

Halliburton is one of the world's largest providers of products and services for the energy industry. The company started construction on the Lafayette facility in July 2011.

Edwards with Halliburton said,

"With Lafayette's strong workforce and economy, access to major transportation zones, and the LED FastStart™ program that helped to hire and train our employees, this is a good place to grow our business,"

The State of Louisiana gave incentives to Halliburton that includes two million dollars in performance-based financial assistance from the LED Rapid Response Fund. Halliburton likely will also use the state's Quality Jobs and Industrial Tax Exemption programs.