Company/Division name | Lotte Aluminium Materials USA LLC |
Parent company | Lotte Group |
Type of work | Manufacturing |
Reshoring category: | Foreign Direct Investment |
Total number of jobs (added or to be added): | 122 |
Year reshoring announced: | 2022 |
Year reshoring implemented or to be implemented: | 2025 |
Domestically, the work will be done: | In-house |
Capital investment ($): | 240 |
Country(ies) from which reshored: | Korea, Republic of |
City reshored to: | Elizabethtown |
State(s) reshored to: | KY |
If relevant, work nearshored to: | - |
Industry(ies): | Primary Metal Products (not including Foundries and Castings) |
Product(s) reshored | cathode foil for EV batteries |
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? | Government Incentives, Proximity to customers/market |
Government Incentive dollar amount: | $500,000 |