Volvo posts surging Profits on Record Sales as Charleston area Plant Continues to Make Progress

SourcePost and Courier
Date Published02/08/2017
Author NameDavid Wren
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Company/Division name Volvo
Type of work Manufacturing
If manufacturing, is the company an OEM? Yes
Reshoring category:Foreign Direct Investment
Total number of jobs (added or to be added):4000
Year reshoring announced:2016
Domestically, the work will be done:In-house
Capital investment ($):500
Country(ies) from which reshored:China
City reshored to:Ridgeville
State(s) reshored to:SC
If relevant, work nearshored to:-
Industry(ies):Transportation Equipment
Product(s) reshoredAutomobiles
What domestic positive factors made reshoring more attractive?Proximity to customers/market
Find Reshoring Articles