Tax credits approved for Cohen & Company, LG Chem America

SourceThe Vindicator
Date Published12/07/2021
Author NameRon Selak Jr
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Company/Division name LG Chem Ltd.
Parent companyLG Chem
Type of work Manufacturing
Reshoring category:Foreign Direct Investment
Total number of jobs (added or to be added):72
Year reshoring announced:2021
Year reshoring implemented or to be implemented:2025
Country(ies) from which reshored:Korea, Republic of
City reshored to:Ravenna
State(s) reshored to:OH
If relevant, work nearshored to:-
Product(s) reshoredABS heat and impact resistant compound
What domestic positive factors made reshoring more attractive?Eco-system synergies, Government Incentives, Infrastructure
Government Incentive dollar amount:.5
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