Company/Division name | Albemarle |
Type of work | Manufacturing |
Reshoring category: | Reshoring |
Year reshoring announced: | 2024 |
Domestically, the work will be done: | In-house |
Capital investment ($): | 67 |
State(s) reshored to: | NC |
If relevant, work nearshored to: | - |
Industry(ies): | Electrical Equipment, Appliances & Components, Nonmetallic Mineral Products |
Product(s) reshored | anode materials for lithium ion batteries |
What domestic positive factors made reshoring more attractive? | Government Incentives, Govt. Policy and subsidies |
Government Incentive dollar amount: | $67 million |