Company/Division name | LG Chem Ltd. |
Parent company | LG Chem |
Type of work | Manufacturing |
Reshoring category: | Foreign Direct Investment |
Total number of jobs (added or to be added): | 72 |
Year reshoring announced: | 2021 |
Year reshoring implemented or to be implemented: | 2025 |
Country(ies) from which reshored: | Korea, Republic of |
City reshored to: | Ravenna |
State(s) reshored to: | OH |
If relevant, work nearshored to: | - |
Industry(ies): | Chemicals |
Product(s) reshored | ABS heat and impact resistant compound |
What domestic positive factors made reshoring more attractive? | Eco-system synergies, Government Incentives, Infrastructure |
Government Incentive dollar amount: | .5 |