A big industrial tract alongside the Mississippi River in Ascension Parish has been offered to the State of Louisiana to be used in a serious metal manufacturing mission tied to Hyundai, in accordance with a business actual property agency concerned within the deal.

Beau Field Business Actual Property introduced that the Germania Plantation property close to Donaldsonville has been transferred to the state and will probably be utilized by Hyundai Company for growth of a $5.8 billion metal mill. The location will help Hyundai Metal’s plans to construct a next-generation, ultra-low carbon electrical arc furnace facility.

The economic tract spans greater than 1,700 acres and contains frontage alongside the Mississippi River, a key logistical asset for heavy industrial growth. Marshall Rice of Beau Field Business Actual Property represented the vendor within the transaction, the agency mentioned.

Hyundai Metal plans to assemble the power in Ascension Parish, marking its first metal manufacturing operation in the US. The plant is predicted to provide metal to Hyundai’s U.S. automotive manufacturing amenities, reinforcing the corporate’s home provide chain.

The mission is predicted to generate greater than 1,300 direct jobs as soon as operational, in accordance with the announcement, positioning it as one of many largest industrial investments within the area lately.

Development is scheduled to start in 2026, with completion anticipated round 2029.

Beau Field Business Actual Property is a Louisiana-based business actual property agency with places of work in New Orleans, Baton Rouge and Lafayette, in addition to an out-of-state location in Pensacola, Florida. The agency focuses on gross sales, leasing and property administration throughout business, industrial, retail and land sectors.