Ucore invests $75M to establish Rare Earth Metals manufacturing facility in Alexandria

URLhttps://www.kalb.com/2023/04/06/ucore-invests-75m-
Sourcekalb.com
Date Published04/06/2023
Author NameBennet Roland Jr.
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Company/Division name Ucore North America
Parent companyUcore Rare Metals Inc.
Type of work Manufacturing
Reshoring category:Foreign Direct Investment
Total number of jobs (added or to be added):100
Year reshoring announced:2023
Year reshoring implemented or to be implemented:2025
Domestically, the work will be done:In-house
Capital investment ($):75
Country(ies) from which reshored:Canada
City reshored to:Alexandria
State(s) reshored to:LA
If relevant, work nearshored to:-
Industry(ies):Primary Metal Products (not including Foundries and Castings)
Product(s) reshoredrare earth element separation and purification
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, Infrastructure, Skilled workforce availability/training
Government Incentive dollar amount:$900,000 performance-based grant
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