South Korea-Based Jaewon Industrial Plans Kokomo, Indiana, Chemical Recycling Plant

URLhttps://www.areadevelopment.com/newsItems/4-28-202
SourceArea Development
Date Published04/28/2023
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Company/Division name JWA Co., Ltd.
Parent companyJaewon Industrial
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:2024
Capital investment ($):102
Country(ies) from which reshored:Korea, Republic of
City reshored to:Kokomo
State(s) reshored to:IN
If relevant, work nearshored to:-
Industry(ies):Chemicals
Product(s) reshoredlithium-ion battery recycling
What domestic positive factors made reshoring more attractive?Eco-system synergies, Government Incentives, Image/brand, Proximity to customers/market, Indiana Economic Development Corporation Grants
Government Incentive dollar amount:#3mil
Find Reshoring Articles