Killeen approves ‘Foreign Trade Zone’ designation for local chem plant; chopping off tax revenue

Killeen approves ‘Foreign Trade Zone’ designation for local chem plant; chopping off tax revenue

Dongjin Semichem Texas, a chemical manufacturer, is in the process of seeking a Foreign Trade Zone designation. That designation would allow the company’s Killeen location to be treated as though it is outside the United States customs territory for duty…