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Taiwanese investment stimulates Louisiana’s economy

Investment from Taiwan solidifies Louisiana’s economy. Taiwanese companies have invested — and reinvested — in Louisiana for decades. That Taiwanese foreign direct investment underscores why, for the past decade, Louisiana has been second in the U.S. for per capita FDI. Since 2015, Taiwanese companies have announced $9.5 billion dollars in Louisiana investment and over 1,240 new direct jobs.

Notable Taiwanese Investments in Louisiana

  • Nan Ya Plastics Corporation – Power and automation technology group, $4.40 million investment
  • Westlake Chemical Corporation – Expansion resulting in an additional 164 new indirect jobs, for a total of more than 180 new jobs in the state
  • Formosa Petrochemical Corp. – In September 2015, Formosa Petrochemical Corp. announced the company is studying the feasibility of a $9.4 billion industrial complex in St. James Parish, where the company would build two project phases producing ethylene and a host of downstream chemical products. The project would create 1,200 new direct jobs. Louisiana Economic Development estimates the project will also result in 8,000 new indirect jobs. Upon completion of both phases, Taiwan-based Formosa would have developed one of the largest, single-site ethylene production complexes in the world.

Trade Between Taiwan and Louisiana

USATrade 2022
Exports to Taiwan
Mineral Fuel, Oil Etc.; Bitumin Subst; Mineral Wax $785.9 million
Milling Products; Malt; Starch; Inulin; Wht Gluten$347.1 million
Organic Chemicals$78.1 million
Meat And Edible Meat Offal$28.8 million
Rubber And Articles Thereof$18.7 million
Miscellaneous Chemical Products$11.4 million
Plastics And Articles Thereof$9.3 million
Cereals$9 million
Inorg Chem; Prec & Rare-earth Met & Radioact Compd$4.8 million
Nuclear Reactors, Boilers, Machinery Etc.; Parts$2.3 million
USATrade 2022
Imports from Taiwan
Iron And Steel$170.2 million
Leather Art; Saddlery Etc; Handbags Etc; Gut Art$24.7 million
Nuclear Reactors, Boilers, Machinery Etc.; Parts$19.8 million
Organic Chemicals$14.5 million
Electric Machinery Etc; Sound Equip; Tv Equip; Pts$13.8 million
Rubber And Articles Thereof$10.4 million
Plastics And Articles Thereof$6.6 million
Articles Of Iron Or Steel$4.4 million
Vehicles, Except Railway Or Tramway, And Parts Etc$3.8 million
Furniture; Bedding; etc. $3.3 million

Louisiana Representation in Taiwan

Louisiana has a local representative, Nicholas V Chen, based in Taipei, Taiwan.

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