Aleees to support ICL on its in cathode active material manufacturing facility in St. Louis funded by the Bipartisan Infrastructure Law for the battery supply chain

URLhttps://finance.yahoo.com/news/aleees-support-icl-
SourceYahoo Finance
Date Published10/31/2022
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Company/Division name ICL Group
Type of work Manufacturing
Reshoring category:Foreign Direct Investment
Total number of jobs (added or to be added):150
Year reshoring announced:2022
Year reshoring implemented or to be implemented:2024
Domestically, the work will be done:In-house
Capital investment ($):400
Country(ies) from which reshored:Israel,Taiwan, Province of China
City reshored to:St. Louis
State(s) reshored to:MO
If relevant, work nearshored to:-
Industry(ies):Electrical Equipment, Appliances & Components
Product(s) reshored lithium iron phosphate (LFP) cathode active mater
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, Impact on domestic economy, Infrastructure bill, Biden
Government Incentive dollar amount:$197 million
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