Italy-Based Meter Bearings Group Invests $4.5 Million to Establish First U.S. Production Facility in Walterboro, South Carolina

SourceArea Development
Date Published07/09/2014
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Company/Division name Meter Bearings Group
Type of work Manufacturing
Reshoring category:Transplant
Total number of jobs (added or to be added):50
Year reshoring announced:2014
Year reshoring implemented or to be implemented:2018
Domestically, the work will be done:In-house
Capital investment ($):4.5
Country(ies) from which reshored:Italy
City reshored to:Walterboro
State(s) reshored to:SC
If relevant, work nearshored to:-
Industry(ies):Fabricated Metal Products
Product(s) reshoredBall and cylindrical roller bearings
What domestic positive factors made reshoring more attractive?Government Incentives, Infrastructure, Skilled workforce availability/training, Proximity to customers
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