U.S. Lands Another Multi-Million EV Plant

Date Published08/08/2022
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Company/Division name Lotte Aluminum Materials USA
Parent companyLotte Group
Type of work Manufacturing
Reshoring category:Foreign Direct Investment
Total number of jobs (added or to be added):122
Year reshoring announced:2022
Year reshoring implemented or to be implemented:2025
Capital investment ($):238.7
Country(ies) from which reshored:Korea, Republic of
City reshored to:Elizabethtown
State(s) reshored to:KY
If relevant, work nearshored to:-
Industry(ies):Primary Metal Products (not including Foundries and Castings)
Product(s) reshoredcathode foil
What domestic positive factors made reshoring more attractive?Eco-system synergies, Government Incentives, demand for the material to increase
Government Incentive dollar amount:4.3
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