Korean Manufacturer to Set Up Cryogenic Insulation Facility in Louisiana

SourceArea Development
Date Published12/04/2015
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Company/Division name Dongsung FineTec
Type of work Manufacturing
Reshoring category:Foreign Direct Investment
Year reshoring announced:2015
Capital investment ($):5
Country(ies) from which reshored:Korea, Republic of
City reshored to:Lake Charles
State(s) reshored to:LA
If relevant, work nearshored to:-
Product(s) reshoredCryogenic Insulation
What domestic positive factors made reshoring more attractive?Government Incentives, Proximity to customers/market, Skilled workforce availability/training, U.S. price of natural gas/chemicals/electricity
Government Incentive dollar amount:n/a
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