COVINGTON, LA – OCTOBER 30, 2013 – In a public event alongside Louisiana Governor Bobby Jindal, Rain CII President & CEO Gerry Sweeney announced the company will move its corporate headquarters from Kingwood, Texas, to Covington, Louisiana, on the north shore of Lake Pontchartrain near New Orleans. The company had been based in the New Orleans area before relocating to Texas following Hurricane Katrina in 2005.
In the move, Rain CII will bring 56 jobs to its new Covington headquarters and add an additional 15 to the 156 retained at its four plants across Louisiana. Since 2010 Rain CII has made significant capital investments in Louisiana, investing over $100 million in projects across the state to equip its operations for the long term. One such investment was the energy co-generation facility in Lake Charles, where 15 jobs were added to support its new power plant.
Governor Jindal said, “Few projects demonstrate Louisiana’s extraordinary progress since Hurricane Katrina like Rain CII. Here is a company historically headquartered in the New Orleans area that has a strong history of investing in Louisiana and is committing to continuing more of the same. And now it’s returning home.”
“Greater New Orleans is the historic home of our company, and a natural location for our headquarters,” Sweeney said. “With four plants in Louisiana, it affords the best blend of proximity to our operations, quality of life for employees, and exposure to the cultural events of the New Orleans area. We are thankful for the support and partnership of the State of Louisiana in helping make this return a reality.”
Construction will begin in the first quarter of 2014 on Rain CII’s new corporate headquarters in Covington, and formal operations will begin in the final quarter of 2014.
About Rain CII
Rain CII is engaged in the businesses of production and sale of calcined petroleum coke (CPC) and co-generation of energy (steam and electricity). Rain CII along with its associate company in India (Rain CII Group) is one of the world’s largest producers of CPC with nine coke calcining plants in the U.S., India, and China. Rain CII sells CPC primarily to global customers in the aluminum, steel, and titanium dioxide industries. Rain CII Group has five heat recovery plants in the U.S. and India that co-generate steam and/or electricity to produce energy. For more information, visit www.raincii.com.