Company/Division name | BASF Corporation |
Parent company | BASF 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) reshored | formic 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 |