Company/Division name | Lotte Chemical |
Parent company | Lotte Chemical |
Type of work | Manufacturing |
Reshoring category: | Foreign Direct Investment |
Total number of jobs (added or to be added): | 265 |
Year reshoring announced: | 2018 |
Capital investment ($): | 1900 |
Country(ies) from which reshored: | Korea, Republic of |
City reshored to: | Lake Charles |
State(s) reshored to: | LA |
If relevant, work nearshored to: | - |
Industry(ies): | Chemicals |
Product(s) reshored | ethane cracker |
What non-domestic negative factors made offshoring less attractive? | , chem update |
What domestic positive factors made reshoring more attractive? | Eco-system synergies, Government Incentives, Infrastructure, Proximity to customers/market, U.S. price of natural gas/chemicals/electricity, joint venture with Westlake Chemical |