Ascend Elements-SK Ecoplant Plan Christian County, Kentucky, Battery Recycling Complex

SourceArea Development
Date Published09/30/2023

Additional Reshoring Information:

Company/Division name Ascend Elements with SK
Parent companyAscend 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:-
Product(s) reshoredlithium-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
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