In contrast with offshoring, nearshoring is the transfer of business or IT processes to companies in a nearby country, typically with one which shares borders.
But rebuilding an entire plant takes a lot of effort and tech transfer can be an imperfect science if the underlying processes were problematic in the first place.
Lummus Technology, which generated 7.4% of revenues, offers licenses for proprietary processes used in petrochemical processing, refining, performance catalysts, gas processing and heat transfer.