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Covestro announces EU1.5B investment in Houston-area plant

October 12, 2018

The Gulf Coast region of the U.S. is home to many chemical plants, oil refineries and other industrial facilities because, as Covestro officials stated in the company’s Baytown announcement, costs there are relatively low and the area has shipping and other logistical infrastructure in place.

Chinese manufacturer Wanhua announced last year that it was planning to build a $1 billion-plus chemical manufacturing facility in Louisiana, but increased costs due to U.S. tariffs could kill the deal or at least stall it.

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