Company/Division name | Formosa Petrochemical Corp |
Parent company | Formosa Plastics Group |
Type of work | Manufacturing |
Reshoring category: | Foreign Direct Investment |
Total number of jobs (added or to be added): | 1200 |
Year reshoring announced: | 2018 |
Capital investment ($): | 9400 |
Country(ies) from which reshored: | Taiwan, Province of China |
City reshored to: | St James Parish |
State(s) reshored to: | LA |
If relevant, work nearshored to: | - |
Industry(ies): | Chemicals |
Product(s) reshored | ethylene, propylene, ethylene glycol and associate |
What domestic positive factors made reshoring more attractive? | Eco-system synergies, Government Incentives, Infrastructure, Proximity to customers/market, Raw Materials Cost, Skilled workforce availability/training |