Avondale Announces New Steel Fabrication Facility in Madison Parish.AVONDALE, La.--(BUSINESS WIRE)--June 17, 1998--Avondale Industries, Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :AVDL AVDL Application Vulnerability Description Language ), of New Orleans New Orleans (ôr`lēənz –lənz, ôrlēnz`), city (2006 pop. 187,525), coextensive with Orleans parish, SE La., between the Mississippi River and Lake Pontchartrain, 107 mi (172 km) by water from the river mouth; founded , in conjunction with the Port of Madison Parish and the State of Louisiana CODE, OF LOUISIANA. In 1822, Peter Derbigny, Edward Livingston, and Moreau Lislet, were selected by the legislature to revise and amend the civil code, and to add to it such laws still in force as were not included therein. , announced today at the State Capitol building The term State Capitol Building can refer to the State Capitol building in a number of different US states, national or subnational entities. US States
 n),n the construction or making of a restoration. facility in Tallulah in Madison Parish, La. Participating in the announcement were Louisiana Department of Labor Secretary Garey Forster, Louisiana Department of Economic Development Secretary Kevin Reilly, Avondale Industries Chairman, President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. Albert L. Bossier Bossier may refer to:
Commenting on the new facility, Governor Foster said, "This is a shot in the arm for northeast Louisiana. This continues to show how important a trained and skilled workforce is to Louisiana's economic growth." Avondale CEO Al Bossier also noted: "I am personally very proud of this project. It will allow Avondale to grow as a company and to prepare the Louisiana workforce to meet the skilled employment challenges of the future." Avondale has budgeted nearly $2 million for upgrading the 50-acre Port of Madison Parish site, including outfitting the 100,000-square-foot plant with equipment for fabricating steel sub-assemblies. These sub-assemblies will be transported to Avondale's main shipyard in Avondale, La., to be joined together to form the units, or modules, that are the building blocks in Avondale's ship construction process. The Louisiana State government plans to add approximately $1.5 million to improve the Madison Parish Port site where Avondale's fabrication facility is located. The State funding will also supplement the Avondale training programs that will be necessary to prepare local applicants for the approximately 250 jobs that will be available once the facility is fully operational. As the facility continues to develop, total employment could grow to 300 or more. Initially, Avondale intends to hire approximately 100 people in production positions, such as welders and shipfitters, along with about 20 to 25 support people, including office personnel. It is intended that more employees will be added as the facility progresses and work increases. A sufficiently skilled labor pool exists in Madison Parish for Avondale to draw from and the Company plans to train others in that area to work at the new fabrication facility. Avondale Industries, Inc., headquartered in metro New Orleans, designs, builds and overhauls both military and commercial ships.
CONTACT: Avondale Industries, Inc.
Ed Winter, 504/436-5253
or
Eugene K. Simon Jr., 504/436-5664
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