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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

  • 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.
  • Schoeller-Bleckmann Energy Services – Manufacturing facility for oil & gas services

Trade between Austria and Louisiana

USATrade 2022
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; Parts$9,360
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

Louisiana Representation in Austria

Louisiana has a representative, Geert Hovens, operating near Austria.

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Cultural Ties and Resources

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.

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