Stoba To Establish Manufacturing Plant In Charleston, South Carolina

SourceArea Development
Date Published09/14/2016
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Company/Division name Stoba
Parent companyStoba
Type of work Manufacturing
Reshoring category:Foreign Direct Investment
Total number of jobs (added or to be added):61
Capital investment ($):7.7
Country(ies) from which reshored:Germany
City reshored to:Charleston
State(s) reshored to:SC
If relevant, work nearshored to:-
Industry(ies):Transportation Equipment, auto industry
Product(s) reshoredmachined steel products for direct injection
What domestic positive factors made reshoring more attractive?Government Incentives, Proximity to customers/market, Skilled workforce availability/training
Government Incentive dollar amount:job credits
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