LG to open Michigan plant to make electric car parts

SourceFox Business
Date Published08/22/2017
Author NameMatthew Rocco
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Company/Division name LG Electronics
Type of work Manufacturing
If manufacturing, is the company a contract manufacturer?Yes
Reshoring category:Foreign Direct Investment
Total number of jobs (added or to be added):292
Year reshoring announced:2017
Year reshoring implemented or to be implemented:2018
Capital investment ($):25
Country(ies) from which reshored:Korea, Republic of
City reshored to:Hazel Park
State(s) reshored to:MI
If relevant, work nearshored to:-
Industry(ies):Transportation Equipment
Product(s) reshoredElectric Vehicle Components
What domestic positive factors made reshoring more attractive?Automation/technology, Government Incentives, Lean/other business process improvement techniques, Proximity to customers/market
Government Incentive dollar amount:2.9 million capital grant
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