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Good news for the cotton industry, Gulf Coast Spinning Co., plans to invest $130 million in a new cotton spinning facility on 43.5 acres at the Bunkie Industrial Park, in central Louisiana. Construction will begin in mid-2014.
The plant is the second phase of a project that included the opening of a Zagis USA spinning facility in Lacassine that employs 79 people in Jefferson Davis Parish. The Zagis mill costs $20 million.
At 500,000 square feet, the Bunkie cotton spinning mill will hire more than 200 employees by the end of 2015 and 307 people in 2016, according to the newspaper.