Westlake Chemical plans $140 million expansion at Geismar plant

SourceThe Advocate
Date Published02/19/2018
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Company/Division name Lotte Chemical
Parent companyLotte 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:-
Product(s) reshoredethane 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
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