BASF Invests $780M in U.S. Chemical Plant Expansion

SourceIEN Industrial Equipment
Date Published07/19/2022
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Company/Division name BASF
Parent companyBASF SE
Type of work Manufacturing
Reshoring category:Foreign Direct Investment
Total number of jobs (added or to be added):37
What product(s) and/or service(s) were outsourced domestically?Manufacturing
Year reshoring announced:2022
Capital investment ($):780
Country(ies) from which reshored:Germany
City reshored to:Ascension Parish
State(s) reshored to:LA
If relevant, work nearshored to:-
Industry(ies):Plastic & Rubber Products
Product(s) reshoredpolyurethane
What domestic positive factors made reshoring more attractive?Government Incentives
Government Incentive dollar amount:$1 million Retention and Modernization Tax Credit
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