This is a big one': Formosa picks St. James Parish for $9.4 billion chemical complex

SourceThe New Orleans Advocate
Date Published04/23/2018
Author NameSam Karlin
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Company/Division name Formosa Petrochemical Corp
Parent companyFormosa Plastics Group
Type of work Manufacturing
Reshoring category:Foreign Direct Investment
Total number of jobs (added or to be added):1200
Year reshoring announced:2018
Capital investment ($):9400
Country(ies) from which reshored:Taiwan, Province of China
City reshored to:St James Parish
State(s) reshored to:LA
If relevant, work nearshored to:-
Product(s) reshoredethylene, propylene, ethylene glycol and associate
What domestic positive factors made reshoring more attractive?Eco-system synergies, Government Incentives, Infrastructure, Proximity to customers/market, Raw Materials Cost, Skilled workforce availability/training
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