Company/Division name | BASF |
Parent company | BASF SE |
Type of work | Manufacturing |
Reshoring category: | Foreign Direct Investment |
Year reshoring announced: | 2022 |
Capital investment ($): | 19.8 |
Country(ies) from which reshored: | Germany |
State(s) reshored to: | LA |
If relevant, work nearshored to: | - |
Industry(ies): | Chemicals |
Product(s) reshored | N-(2-Hydroxyethyl)-2-Pyrrolidone (HEP) and N-Octyl |
What domestic positive factors made reshoring more attractive? | Government Incentives |
Government Incentive dollar amount: | $300,000 amount will be paid over five years. |