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 FG LA LLC
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
Year reshoring implemented or to be implemented:2020
Domestically, the work will be done:In-house
Capital investment ($):9400
Country(ies) from which reshored:Taiwan, Province of China
City reshored to:St. James Parish
State(s) reshored to:LA
If relevant, work nearshored to:-
Industry(ies):Plastic & Rubber Products, medical, automotive
Product(s) reshoredpolyethylene, polypropylene, polymer
What domestic positive factors made reshoring more attractive?Impact on domestic economy
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