KraussMaffei retools in US with investment from parent ownership

SourcePlastics News
Date Published02/26/2021
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Company/Division name KraussMaffei Group
Type of work Manufacturing
Reshoring category:Foreign Direct Investment
Year reshoring announced:2021
Domestically, the work will be done:In-house
Country(ies) from which reshored:Germany
City reshored to:Florence
State(s) reshored to:KY
If relevant, work nearshored to:-
Industry(ies):Plastic & Rubber Products
Product(s) reshoredplastic extrusion and injection molding
What domestic positive factors made reshoring more attractive?Automation/technology, Customer responsiveness improvement, Skilled workforce availability/training, Free Trade Zone status
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