Federal, Wal-Mart officials descend on Hickory-area sock maker to celebrate reshoring initiative

SourceCharlotte Business Journal
Date Published03/11/2015
Author NameKen Elkins
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Company/Division name Peds Legwear
Parent companyRichelieu Legwear International Inc.
Type of work Manufacturing
Reshoring category:Transplant
Total number of jobs (added or to be added):200
Year reshoring announced:2014
Year reshoring implemented or to be implemented:2016
Domestically, the work will be done:In-house
Capital investment ($):16
Country(ies) from which reshored:China
City reshored to:Hildebran
State(s) reshored to:NC
If relevant, work nearshored to:-
Product(s) reshoredSocks
What non-domestic negative factors made offshoring less attractive?Price, Quality/rework/warranty
What domestic positive factors made reshoring more attractive?Government Incentives
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