URL | https://news.covestro.com/news.nsf/id/Covestro-to- |
Source | Covestro.com |
Date Published | 10/09/2018 |
Mentions specific company case(s) of reshoring, kept from offshoring, or transplant | Yes |
Company/Division name | Covestro |
Parent company | Covestro |
Type of work | Manufacturing |
Reshoring category: | Foreign Direct Investment |
Year reshoring announced: | 2018 |
Capital investment ($): | 15000 |
Country(ies) from which reshored: | Germany |
City reshored to: | Baytown |
State(s) reshored to: | TX |
If relevant, work nearshored to: | - |
Industry(ies): | Plastic & Rubber Products |
Product(s) reshored | MDI |
What domestic positive factors made reshoring more attractive? | Customer responsiveness improvement, Eco-system synergies, Higher productivity, Infrastructure, Lead time/Time to market, Lean/other business process improvement techniques, Proximity to customers/market, Raw Materials Cost, U.S. price of natural gas/chemicals/electricity |