Facility in Texas with Production Expected in Q1 2025

URLhttps://www.oci.nl/news/2022-oci-to-start-construc
SourceOCI
Date Published09/08/2022

Additional Reshoring Information:

Company/Division name OCI
Parent companyOCI N.V.
Type of work Manufacturing
Reshoring category:Foreign Direct Investment
Year reshoring announced:2022
Year reshoring implemented or to be implemented:2025
Offshore, work was done:In-house
Domestically, the work will be done:In-house
Capital investment ($):450
Country(ies) from which reshored:Netherlands
City reshored to:Beaumont
State(s) reshored to:TX
If relevant, work nearshored to:-
Industry(ies):Chemicals
Product(s) reshoredAmmonia
What non-domestic negative factors made offshoring less attractive?Delivery, Green considerations
What domestic positive factors made reshoring more attractive?Government Incentives, Higher productivity, Proximity to customers/market, U.S. price of natural gas/chemicals/electricity
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