Japanese Company to Manufacture Chemicals for EV Batteries in Waggaman

URLhttps://www.bizneworleans.com/japanese-company-to-
SourceBiz New Orleans
Date Published02/29/2024

Additional Reshoring Information:

Company/Division name UBE Corp.
Parent companyUBE Corp.
Type of work Manufacturing
Reshoring category:Foreign Direct Investment
Year reshoring announced:2024
Year reshoring implemented or to be implemented:2026
Capital investment ($):500
Country(ies) from which reshored:Japan
City reshored to:Jefferson Parish
State(s) reshored to:LA
If relevant, work nearshored to:-
Industry(ies):Chemicals
Product(s) reshoredLithium EV battery chemicals
What non-domestic negative factors made offshoring less attractive?Green considerations
What domestic positive factors made reshoring more attractive?Government Incentives, Higher productivity, Lead time/Time to market, Proximity to customers/market, Raw Materials Cost, Skilled workforce availability/training, Louisiana Economic incentives TBD
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