New Madison facility aims to supercharge U.S. lithium-ion battery market

URLhttps://captimes.com/news/business/new-madison-fac
Sourcecaptimes.com
Date Published03/28/2024
Author NameNatalie Yahr

Additional Reshoring Information:

Company/Division name Orbia Fluor & Energy Materials
Type of work Manufacturing
Reshoring category:Foreign Direct Investment
Total number of jobs (added or to be added):36
Year reshoring announced:2024
Year reshoring implemented or to be implemented:2026
Domestically, the work will be done:In-house
Country(ies) from which reshored:Mexico
City reshored to:Madison
State(s) reshored to:WI
If relevant, work nearshored to:-
Industry(ies):Chemicals
Product(s) reshoredelectrolytes for lithium ion batteries
What non-domestic negative factors made offshoring less attractive?Supply chain interruption, Total cost
What domestic positive factors made reshoring more attractive?Government Incentives, Govt. Policy and subsidies, Lead time/Time to market, Proximity to customers/market
Government Incentive dollar amount:$8.4 million
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