Louisiana manufacturing company invests $90 M in Ville Platte plant

URLhttps://www.wbrz.com/news/louisiana-manufacturing-
Sourcewbrz.com
Date Published07/07/2020
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Company/Division name Cabot Corporation
Type of work Manufacturing
Reshoring category:Reshoring
Total number of jobs (added or to be added):15
Year reshoring announced:2020
Year reshoring implemented or to be implemented:2022
Domestically, the work will be done:In-house
Capital investment ($):90
City reshored to:Ville Platte
State(s) reshored to:LA
If relevant, work nearshored to:-
Industry(ies):Chemicals
Product(s) reshoredcarbon black from natural gas
What non-domestic negative factors made offshoring less attractive?Green considerations
What domestic positive factors made reshoring more attractive?Government Incentives, Raw Materials Cost
Government Incentive dollar amount:$1.5 million
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