Cassidy announces $320 million investment for Louisiana battery manufacturing material

SourceLouisiana Radio Network
Date Published10/19/2022
Author NameWhitney Thomas
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Company/Division name Kloura
Type of work Manufacturing
Reshoring category:Foreign Direct Investment
Total number of jobs (added or to be added):150
Year reshoring announced:2022
Domestically, the work will be done:In-house
Capital investment ($):100
Country(ies) from which reshored:Sweden
City reshored to:St. Gabriel
State(s) reshored to:LA
If relevant, work nearshored to:-
Industry(ies):Electrical Equipment, Appliances & Components
Product(s) reshoredlithium hexafluorophosphate for batteries
What domestic positive factors made reshoring more attractive?Government Incentives, IRA bill, Biden
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