Germany's Merck to invest 300 million euros in US gas plant

URLhttps://www.reuters.com/business/energy/germanys-m
SourceReuters
Date Published04/12/2023
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Company/Division name Merck
Type of work Manufacturing
Reshoring category:Foreign Direct Investment
Year reshoring announced:2021
Year reshoring implemented or to be implemented:2025
Domestically, the work will be done:In-house
Capital investment ($):328
Country(ies) from which reshored:Germany
City reshored to:Hometown
State(s) reshored to:PA
If relevant, work nearshored to:-
Industry(ies):Chemicals, Computer & Electronic Products
Product(s) reshoredspecialty gasses for semiconductors
What domestic positive factors made reshoring more attractive?Government Incentives
Government Incentive dollar amount:CHIPS Act
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