A $3 million expansion is under way for ESI Fabrication, including construction of a massive metal cutting and parts fabrication facility at its New Iberia location.
According to a press release issued by the Iberia Industrial Development Foundation, the $3 million project will cover the construction of the 10,000-square-foot fabrication facility at the company’s Fox Road location in New Iberia. The company’s expansion plans also include the addition of 10 new employees.
“ESI is a well-respected, growing company, and we appreciate Mike Johnson’s decision to invest, yet again, in Iberia Parish,” says IDF president and CEO Mike Tarantino in a prepared statement. “Projects like these create good quality jobs for our citizens and prove that Iberia Parish is the right place for business.”
ESI owner Mike Johnson estimates that within the next five years, he will invest another $3 million in the fledgling company, which opened its doors in 2011, originally as a Waterjet cutting startup. The $3 million investment is the result of the company’s continued growth and expansion into electronic discharge machining.
“We are small enough, yet big enough to do what we say we can do ... the highest quality and on time,” says Johnson.