Company/Division name | BASF Corporation |
Parent company | BASF SE |
Type of work | Manufacturing |
Reshoring category: | Foreign Direct Investment |
Year reshoring announced: | 2019 |
Year reshoring implemented or to be implemented: | 2021 |
Capital investment ($): | 87 |
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 | MDI (methylene diphenyl diisocyanate) |
What domestic positive factors made reshoring more attractive? | Government Incentives, Infrastructure, Proximity to customers/market, Raw Materials Cost, U.S. price of natural gas/chemicals/electricity, Other, import replacement; expansion |