Company/Division name | Ascend Elements with SK |
Parent company | Ascend Elements with SK |
Type of work | Manufacturing |
Reshoring category: | Foreign Direct Investment |
Total number of jobs (added or to be added): | 60 |
Year reshoring announced: | 2023 |
Year reshoring implemented or to be implemented: | 2025 |
Capital investment ($): | 65 |
Country(ies) from which reshored: | Korea, South |
City reshored to: | Christian County |
State(s) reshored to: | KY |
If relevant, work nearshored to: | - |
Industry(ies): | Chemicals |
Product(s) reshored | lithium-ion battery recycling |
What non-domestic negative factors made offshoring less attractive? | Green considerations |
What domestic positive factors made reshoring more attractive? | Government Incentives, Higher productivity, Infrastructure, Lead time/Time to market, Manufacturing/engineering joint innovation (R&D), Proximity to customers/market, Skilled workforce availability/training, Kentucky Business Invest. program tax incentives |
Government Incentive dollar amount: | $2mil |