Ascension Parish eyed for potential $350M manufacturing facility

URLhttps://www.1012industryreport.com/energy/renewabl
Source1012 Industry Report
Date Published12/05/2023
Author Name By David Jacobs

Additional Reshoring Information:

Company/Division name Capchem Technology USA
Parent companyShenzhen Capchem Technology Co.
Type of work Manufacturing
Reshoring category:Foreign Direct Investment
Total number of jobs (added or to be added):95
Year reshoring announced:2023
Capital investment ($):350
Country(ies) from which reshored:China
City reshored to:Ascension Parish
State(s) reshored to:LA
If relevant, work nearshored to:-
Industry(ies):Electrical Equipment, Appliances & Components
Product(s) reshored lithium-ion battery
What non-domestic negative factors made offshoring less attractive?Social/ethical concerns, Supply chain interruption
What domestic positive factors made reshoring more attractive?Government Incentives, Skilled workforce availability/training
Government Incentive dollar amount:$2 M performance-based grant for infrastructure
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