Chemical Giant Invests $780 Million to Double Capacity in Louisiana

URLhttps://www.thomasnet.com/insights/chemical-giant-
SourceThomas Net
Date Published08/04/2022
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Company/Division name BASF
Type of work Manufacturing
Reshoring category:Foreign Direct Investment
Total number of jobs (added or to be added):37
Year reshoring announced:2022
Year reshoring implemented or to be implemented:2025
Domestically, the work will be done:In-house
Capital investment ($):780
Country(ies) from which reshored:Germany
City reshored to:Geismar
State(s) reshored to:LA
If relevant, work nearshored to:-
Industry(ies):Chemicals
Product(s) reshoredmethylene diphenyl diisocyanate
What domestic positive factors made reshoring more attractive?Eco-system synergies, Government Incentives, Infrastructure, Proximity to customers/market, Raw Materials Cost, Skilled workforce availability/training
Government Incentive dollar amount:$1 million tax credit
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