<Information for Japanese Companies - Chemical and Polymer Industry in West Virginia>
Attracting multinational corporations for a better future. West Virginia is one of the top natural gas producing states in the nation.
West Virginia maintains many advantages that have attracted multinational corporations regarding infrastructure and supplies, while structural changes are further enhancing its competitiveness as a center for chemicals and polymers in the world. Chemical industrial parks across the state provide access to various shared services and co-location within the parks, along with excellent infrastructure and existing permits. West Virginia is located about two hours inland from Washington, D.C., and produces the raw materials necessary for the chemical and polymer industries. Together with the concentration of existing chemical plants, it offers companies reliable access to supplies from various sources. [About the Japan Representative Office of the West Virginia State Government] Our Japan office provides support services after entering the market, including market research, local property introductions, introductions to necessary professionals, and information on incentives, tax deductions, workforce training, and recruitment. We provide the latest local information, so please feel free to consult with us. *We are currently publishing an "Industry Trends: Chemical and Polymer Industry Map"! Please check it out via PDF download.
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The features of West Virginia are mainly the following four: - Industrial electricity and gas rates are low (due to coal, natural gas, and shale gas-fired power generation, along with having one of the largest wind farms in the eastern U.S.) - It has one of the largest wind farms in the eastern part of North America, which is advantageous for the use of green energy. - Excellent access to the large market in the eastern United States and serves as a logistics hub. - High retention rate (ranked first in the nation for low manufacturing turnover according to the U.S. Department of Labor's Bureau of Labor Statistics). - Resilient to natural disasters (the terrain, which is covered by 70% of the gently sloping Appalachian Mountains, has solid bedrock, making it less susceptible to earthquakes, hurricanes, and tornadoes). Utilizing abundant electricity, the manufacturing industry began with the chemical sector and expanded into automotive parts, aerospace and defense, metal processing, and building materials. Additionally, in response to green energy policies and work style reforms, new industries such as IT and EV-related sectors have been increasing.
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The West Virginia Government Office in Japan is an overseas office of the International Division of the West Virginia Department of Economic Development. West Virginia is located in the eastern United States, surrounded by five states, including major cities like Washington D.C. and Pittsburgh, and is known for its strong manufacturing sector. The main characteristics of West Virginia are as follows: - Low industrial electricity and gas rates (due to coal, natural gas, and shale gas-fired power generation, as well as having one of the largest wind farms in the East and being home to the Appalachian Hydrogen Hub in Morgantown). - One of the largest wind farms in the eastern United States, advantageous for the use of green energy. - Excellent access to the large market in the eastern United States and a logistics hub. - High retention rates (ranked first in the nation for low manufacturing turnover rates according to the U.S. Department of Labor's Bureau of Labor Statistics). - Resilience to natural disasters (the terrain, which is largely covered by the gently sloping Appalachian Mountains, has solid bedrock, making it less susceptible to earthquakes, hurricanes, and tornadoes). Particularly active industries include chemicals, automotive parts, aerospace and defense, steel, metal processing, building materials, and IT, with recent growth in the EV and battery industries.