Company/Division name | OCI |
Parent company | OCI 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) reshored | Ammonia |
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 |