BASF to build new formic acid plant in Geismar, Louisiana

URLhttps://www.basf.com/us/en/media/news-releases/201
Sourcebasf.com
Date Published05/04/2012
Author NameKathy Dennis
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Company/Division name BASF Corporation
Parent companyBASF SE
Type of work Manufacturing
Reshoring category:Foreign Direct Investment
Total number of jobs (added or to be added):20
Year reshoring announced:2012
Year reshoring implemented or to be implemented:2014
Country(ies) from which reshored:Germany
City reshored to:Geismar
State(s) reshored to:LA
If relevant, work nearshored to:-
Industry(ies):Chemicals
Product(s) reshoredformic acid
What non-domestic negative factors made offshoring less attractive?Other, chem update
What domestic positive factors made reshoring more attractive?Customer responsiveness improvement, Higher productivity, Lead time/Time to market, Proximity to customers/market, U.S. price of natural gas/chemicals/electricity
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