Company/Division name | LG Chem Ltd. |
Type of work | Manufacturing |
Reshoring category: | Foreign Direct Investment |
Total number of jobs (added or to be added): | 860 |
Year reshoring announced: | 2022 |
Year reshoring implemented or to be implemented: | 2027 |
Domestically, the work will be done: | In-house |
Capital investment ($): | 3200 |
Country(ies) from which reshored: | Korea, Republic of |
City reshored to: | Clarksville |
State(s) reshored to: | TN |
If relevant, work nearshored to: | - |
Industry(ies): | Electrical Equipment, Appliances & Components, Transportation Equipment |
Product(s) reshored | cathodes |
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? | Proximity to customers/market |