M&G's unfinished plastics plant won't begin production until 2020 under new ownership

SourceCorpus Christi Caller Times
Date Published09/25/2018
Author NameTim Acosta
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Company/Division name Corpus Christi Polymers
Parent companyAlpek / Indorama / Far Eastern Investment Holdings
Type of work Manufacturing
Reshoring category:Foreign Direct Investment
Year reshoring announced:2018
Year reshoring implemented or to be implemented:2020
Capital investment ($):1,100
Country(ies) from which reshored:Mexico,Taiwan, Province of China,Thailand
City reshored to:Corpus Christi
State(s) reshored to:TX
If relevant, work nearshored to:-
Product(s) reshoredPTA and PET polymers
What non-domestic negative factors made offshoring less attractive?Other, chem update
What domestic positive factors made reshoring more attractive?Proximity to customers/market, Under-utilized capacity, U.S. price of natural gas/chemicals/electricity, Other, reduce import volume
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