Why one CT producer is investing time, millions to reshore

SourceHartford Business
Date Published03/06/2017
Author NameGregory Seay
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Company/Division name Carey Manufacturing Inc.
Type of work Manufacturing
Reshoring category:Reshoring
Total number of jobs (added or to be added):45
Year reshoring announced:2017
Year reshoring implemented or to be implemented:2018
Domestically, the work will be done:In-house
Capital investment ($):2.5
Country(ies) from which reshored:China
City reshored to:Cromwell
State(s) reshored to:CT
If relevant, work nearshored to:-
Industry(ies):Fabricated Metal Products
Product(s) reshoredmetal hardware
What non-domestic negative factors made offshoring less attractive?Price, Quality/rework/warranty, Social/ethical concerns, Supply chain interruption risk/Natural disaster risk/Political instability
What domestic positive factors made reshoring more attractive?Automation/technology, Impact on domestic economy
Mentions use of TCO or similar concept?Yes
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