UBE plans to invest $500 million in Jefferson Parish for manufacturing facility to boost local economy and green energy future

URLhttps://www.nola.com/sponsored/cornerstone_chemica
SourceNola.com
Date Published11/03/2024

Additional Reshoring Information:

Company/Division name UBE C1 Chemicals America, Inc.
Parent companyUBE C1 Chemicals America, Inc.
Type of work Manufacturing
Reshoring category:Foreign Direct Investment
Total number of jobs (added or to be added):50
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) reshoredDMC, EMC, and PCD for lithium-ion batteries
What non-domestic negative factors made offshoring less attractive?Green considerations
What domestic positive factors made reshoring more attractive?Infrastructure, Proximity to customers/market
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