URL | https://www.industryweek.com/companies-executives/ |
Source | IndustryWeek |
Date Published | 05/02/2019 |
Mentions specific company case(s) of reshoring, kept from offshoring, or transplant | Yes |
Company/Division name | Exxon Mobil Corp. |
Parent company | ExxonMobil Corp |
Type of work | Manufacturing |
Reshoring category: | Reshoring |
Total number of jobs (added or to be added): | 45000 |
Year reshoring announced: | 2017 |
Year reshoring implemented or to be implemented: | 2022 |
Capital investment ($): | 2000 |
City reshored to: | Baytown |
State(s) reshored to: | TX |
If relevant, work nearshored to: | - |
Industry(ies): | Chemicals |
Product(s) reshored | petrochemicals |
What domestic positive factors made reshoring more attractive? | Eco-system synergies, Government Incentives, Infrastructure, Proximity to customers/market, Raw Materials Cost, Under-utilized capacity |