Taiwan
LED2133-International-Commerce_Interior-Headers_Taiwan

The Taiwanese Business Impact on Louisiana’s Economy

Taiwanese investment is essential to Louisiana’s economy. Taiwanese companies have been investing in Louisiana for decades, helping to propel Louisiana to the No. 1 spot in the U.S. in per capita foreign direct investment (FDI) since 2008. Since 2003, Taiwanese companies have announced billions of dollars in Louisiana investment.

NOTABLE TAIWANESE INVESTMENT IN LOUISIANA

  • Nan Ya Plastics Corporation – Power and automation technology group, $4.40 million investment
  • Westlake Chemical Corporation – Manufacturing facility service & inspection  
  • 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.
“We believe strategic growth in petrochemicals in the future will be in the U.S., especially in Louisiana. It is the right and perfect location for our company's next development base. With our experience, we will not only focus on the industry itself to improve economics, but also take serious consideration of environmental issues.” 
Formosa Logo
Bao-Lang Chen, Chairman


TRADE BETWEEN TAIWAN AND LOUISIANA

EXPORTS TO TAIWAN

Chemicals $127.7 million
Agricultural Products $125.8 million
Primary Metal Manufacturing $55.9 million
Other $87.7 million

Total

$205.5 million



IMPORTS FROM TAIWAN

Primary Metal Manufacturing $123.3 million 
Fabricated Metal Products $13.2 million
Petroleum & Coal Products $34.3 million
Other $34.7 million

Total

$205.5 million


LOUISIANA REPRESENTATION IN TAIWAN

In March 2017, LED Secretary Don Pierson led a Louisiana contingent to Asia focused on both business retention and business development. The economic development mission included a visit to Taiwan to meet with existing investor company officials and potential new prospects.

Louisiana has a local representative, Steve Lee, based in Taipei, Taiwan. If you would like to reach him, email stevelee512@yahoo.com.tw or call 886.2.2723.1921.