- Associated Press - Thursday, July 16, 2015

NEW ORLEANS (AP) - Finland-based Cajo Technologies says it’s establishing a New Orleans manufacturing site.

Company executive Ismo Rantala and Gov. Bobby Jindal announced the plans in a news release Thursday.

The new plant will focus on laser-based machinery that creates permanent markings and color patterns on almost any material. Officials say the project will create 40 new jobs, with an average annual salary of $55,000.

Cajo identified New Orleans as a location for its entry into North America while a client of Nest New York, a business accelerator that recently opened a New Orleans office. Nest focuses on introducing north European companies into U.S. markets.

Cajo Technologies’ U.S. headquarters will be at Landing Zone New Orleans, a co-working space and business incubator. It plans to start commercial operations in September.

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