Nacero To Invest Up To $7B In Texas Gas Manufacturing Facility

URLhttps://businessfacilities.com/2021/04/nacero-to-i
SourceBUSINESS FACILITIES
Date Published04/23/2021
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Company/Division name Nacero Inc.
Type of work Manufacturing
Reshoring category:Reshoring
Total number of jobs (added or to be added):350
Year reshoring announced:2021
Year reshoring implemented or to be implemented:2021
Domestically, the work will be done:In-house
Capital investment ($):7000
City reshored to:Penwell
State(s) reshored to:TX
If relevant, work nearshored to:-
Industry(ies):Chemicals
Product(s) reshoredlower carbon gasoline, zero-sulfur gasoline
What non-domestic negative factors made offshoring less attractive?Supply chain interruption risk/Natural disaster risk/Political instability
What domestic positive factors made reshoring more attractive?Government Incentives, Infrastructure, Proximity to customers/market, Skilled workforce availability/training, Other, import replacement
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