Company/Division name | Capchem Technology USA |
Parent company | Shenzhen 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 |