KYOCERA SGS Precision Tool Inc. to invest $9.5 million to establish East Coast manufacturing operation

SourceAugusta Free Press
Date Published09/09/2016
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Company/Division name KYOCERA SGS Precision Tool Inc.
Parent companyKYOCERA Corporation
Type of work Manufacturing
Reshoring category:Foreign Direct Investment
Total number of jobs (added or to be added):35
Year reshoring announced:2016
Year reshoring implemented or to be implemented:2016
Capital investment ($):9.5
Country(ies) from which reshored:Japan
City reshored to:Danville
State(s) reshored to:VA
If relevant, work nearshored to:-
Industry(ies):Fabricated Metal Products
Product(s) reshoredsolid carbide cutting tool manufacturing
What domestic positive factors made reshoring more attractive?Government Incentives, Manufacturing/engineering joint innovation (R&D), Skilled workforce availability/training
Government Incentive dollar amount:$550,000
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