GM Supplier Announces Plans for Magnet Factory to Support EV Growth

URLhttps://www.thomasnet.com/insights/gm-supplier-ann
Sourcehttps://www.thomasnet.com
Date Published01/07/2022
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Company/Division name VAC
Parent companyVacuumschmelze GmbH & Co. KG
Type of work Manufacturing
Reshoring category:Foreign Direct Investment
What product(s) and/or service(s) were outsourced domestically?Manufacturing
Year reshoring announced:2021
Year reshoring implemented or to be implemented:2024
Domestically, the work will be done:In-house
Country(ies) from which reshored:Germany
If relevant, work nearshored to:-
Industry(ies):Fabricated Metal Products
Product(s) reshoredPpermanent magnets
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