Chemicals Maker's $2 Billion U.S. Bet Driven by Fracked Gas

Date Published11/22/2013
Author NameBrian Wingfield & Yu-Huay Sun
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Company/Division name Formosa Plastics Group
Type of work Manufacturing
Reshoring category:Transplant
Year reshoring announced:2012
Year reshoring implemented or to be implemented:2013
Capital investment ($):3700
Country(ies) from which reshored:China,Taiwan, Province of China
City reshored to:Point Comfort
State(s) reshored to:TX
Industry(ies):Chemicals, Plastic/Rubber Products
Product(s) reshoredethylene, polyethylene
What domestic positive factors made reshoring more attractive?U.S. price of natural gas/chemicals/electricity, "reasonable" environmental regulations
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