Company/Division name | Formosa Plastics Group |
Parent company | Formosa Plastics Group |
Type of work | Manufacturing |
Reshoring category: | Foreign Direct Investment |
Total number of jobs (added or to be added): | 15 |
Year reshoring announced: | 2019 |
Year reshoring implemented or to be implemented: | 2022 |
Capital investment ($): | 332 |
Country(ies) from which reshored: | Taiwan, Province of China |
City reshored to: | Baton Rouge |
State(s) reshored to: | LA |
If relevant, work nearshored to: | - |
Industry(ies): | Chemicals |
Product(s) reshored | PVC resin |
What domestic positive factors made reshoring more attractive? | Eco-system synergies, Government Incentives, Higher productivity, Infrastructure, Proximity to customers/market, Skilled workforce availability/training |
Government Incentive dollar amount: | .5 |