Company/Division name | BASF |
Parent company | BASF SE |
Type of work | Manufacturing |
Reshoring category: | Foreign Direct Investment |
Total number of jobs (added or to be added): | 37 |
What product(s) and/or service(s) were outsourced domestically? | Manufacturing |
Year reshoring announced: | 2022 |
Capital investment ($): | 780 |
Country(ies) from which reshored: | Germany |
City reshored to: | Ascension Parish |
State(s) reshored to: | LA |
If relevant, work nearshored to: | - |
Industry(ies): | Plastic & Rubber Products |
Product(s) reshored | polyurethane |
What domestic positive factors made reshoring more attractive? | Government Incentives |
Government Incentive dollar amount: | $1 million Retention and Modernization Tax Credit |