The Shreveport Assembly and Stamping plant, a once-bustling GM plant in Louisiana that built its last truck (a white last-generation Chevrolet Colorado) in 2012, could soon be home to a textile plant.
Golf Coast Spinning Company (GCSC) will likely relocate to the plant and will use the expansive 4.1-million-square-foot facility to house a textile mill, according to local news outlet The News Star. However, the deal has yet to be inked, according to GCSC CEO Dan Feibus.
“We are extremely close – but not finished – to finalizing and hope to locate and have an announcement in Shreveport in the very near future. But we do not have one yet. And in regards to why we’re in Shreveport, we’re very excited about it,” he told the news outlet.
Feibus has yet to clarify further details like price or how many jobs might be added, but an announcement on the facility could come as early as next week.
There are also a few other questions that remain unanswered, like how the arrival of Golf Coast spinning could affect Elio Motors, which currently rents one-third (1.5-million-square-feet) of the former GM plant.
Stuart Lichter, President and board chairman of Industrial Realty Group, which leases the plant, also sits on the board of Elio Motors. The company plans to introduce a three-wheeled vehicle for $6,800, but it still has yet to begin production at the plant more than 2.5-years into its lease. But the company is still moving along in its development of the frugal and efficient vehicle.
It seems Lichter could simply lease the other two-thirds of the building to GCSC, but we’ll have to sit tight for a few days until all the plans are laid out.