Formosa Wins Final Approvals for Louisiana Materials Site

SourcePlastics News
Date Published01/09/2020
Author NameFrank Esposito
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Company/Division name Formosa Plastics LA
Parent companyFormosa Plastics Group
Type of work Manufacturing
Reshoring category:Foreign Direct Investment
Total number of jobs (added or to be added):1200
Year reshoring announced:2018
Capital investment ($):9,400
Country(ies) from which reshored:Taiwan, Province of China
City reshored to:Baton Rouge
State(s) reshored to:LA
If relevant, work nearshored to:-
Product(s) reshoredpetrochemicals and plastics
What domestic positive factors made reshoring more attractive?Eco-system synergies, Proximity to customers/market, U.S. price of natural gas/chemicals/electricity
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