LubeTech Announcement

Lubrication Technologies Announces $16 Million Manufacturing Project

February 10, 2014

SHREVEPORT-BOSSIER, La. — Governor Bobby Jindal and Lubrication Technologies Inc. CEO Chris Bame announced February 10, 2014 a $16 million capital investment in Caddo Parish. Minnesota-based Lubrication Technologies, also known as Lube-Tech®, will renovate an existing facility to manufacture lubricants and related fluids for power sports, marine and outdoor power equipment markets. The project will create 75 new direct jobs, paying an average annual salary of $41,400 plus benefits, and another 205 new indirect jobs. Also, 58 construction jobs will be created during the renovation and construction phase.

“Lube-Tech is excited to expand our Custom Brands business serving Power Sports, Marine and Outdoor Power Equipment OEMs to the Southern United States,” Bame said. “Our new Shreveport facility will manufacture, package and distribute specialty lubricants globally. We expect to employ 75 people by the end of 2016. We were pleased with Louisiana Economic Development’s help in finding a location, providing relocation funding, and assisting with employee recruitment and training. LED representatives proactively identified solutions to challenges in an entrepreneurial spirit that reflects our company culture.”

The Lube-Tech operations in Caddo Parish will be located in a 226,000 square foot manufacturing facility that once housed an automotive supplier for the former General Motors assembly plant in Shreveport. The Louisiana manufacturing center will enable the company to better serve key domestic customers in the South and to be in close proximity to its supply sources. The Shreveport site represents Lube-Tech’s first major investment in the South.

“This new venture undertaken by Lubrication Technologies is a great win for our state and will create great new career opportunities for hundreds of families in Northwest Louisiana. We’re proud that Louisiana’s rapidly improving business climate and best-in-the-nation workforce programs attracted this significant manufacturing project in competition with other states in the South,” said Governor Jindal.

North Louisiana Economic Partnership along with its state partner, LED, and its local partners began discussing expansion options with Lubrication Technologies in August 2013. To secure the project, the State of Louisiana offered the company a performance-based Economic Development Loan Program incentive of $750,000 and the comprehensive workforce solutions of LED FastStart®, the nation’s No. 1 state workforce development program. In addition, the company is expected to utilize the state’s Quality Jobs and Industrial Tax Exemption programs.

“The Caddo Parish Commission is delighted about the prospect that Lubrication Technologies has entered into an agreement to locate its operations here in the Parish of Caddo and to make a capital investment of $16 million and hire 75 employees over a two-year period,” said President Doug Dominick of the Caddo Parish Commission. “This is great news.”

Lubrication Technologies will begin construction in the first quarter of 2014, with hiring beginning shortly thereafter and leading to 35 new jobs created by mid-2015. The additional 40 positions will be filled by 2016.

“North Louisiana Economic Partnership worked with state and local partners to recruit Lubrication Technologies to fill an existing building which was shuttered after a GM supplier left the area,” NLEP President Scott Martinez said. “The 280 new direct and indirect jobs created by Lubrication Technologies will have a significant impact on the Shreveport-Bossier economy.”

Based in North Golden Valley, Minn., Lubrication Technologies is a private company with customers in transportation, automotive, industrial and small-engine markets. The company ships products globally to customers in more than 70 countries.

About Lubrication Technologies

Lubrication Technologies Inc. has a history dating back to 1925. Lubrication Technologies is a Minnesota-based, privately held company that manufactures, processes and distributes lubricants, fuels and fluids for use in transportation, automotive, industrial and small-engine markets. For more information, visit

About North Louisiana Economic Partnership

NLEP is a public-private partnership dedicated to the positive and sustainable economic development of the 14 parishes it serves in North Louisiana. The NLEP and its many partners work with both existing and prospective companies to facilitate the attraction and retention of capital investment and meaningful job opportunities in our region.