Evonik to Build $220M Lipid Plant in U.S. for mRNA-Based Therapies

URLhttps://www.biospace.com/article/evonik-barda-to-b
SourceBiospace
Date Published06/02/2022
Author NameAlex Keown
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Company/Division name Evonik
Parent companyEvonik Industries AG
Type of work Manufacturing
Reshoring category:Foreign Direct Investment
Total number of jobs (added or to be added):80
Year reshoring announced:2022
Year reshoring implemented or to be implemented:2025
Domestically, the work will be done:In-house
Capital investment ($):220
Country(ies) from which reshored:Germany
City reshored to:Lafayette
State(s) reshored to:IN
If relevant, work nearshored to:-
Industry(ies):Chemicals
Product(s) reshoredmRNA therapies, production of lipid
What non-domestic negative factors made offshoring less attractive?Supply chain interruption risk/Natural disaster risk/Political instability
What domestic positive factors made reshoring more attractive?Eco-system synergies, Government Incentives, Infrastructure, Manufacturing/engineering joint innovation (R&D), Skilled workforce availability/training
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