Covestro to invest EUR 1.5 billion in new world-scale MDI plant in Baytown, USA

URLhttps://news.covestro.com/news.nsf/id/Covestro-to-
SourceCovestro.com
Date Published10/09/2018
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Company/Division name Covestro
Parent companyCovestro
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) reshoredMDI
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
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