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 |