Governor Cuomo Announces Sumitomo Rubber USA Will Invest $122 Million to Increase Town of Tonawanda Plant's Production Capabilities

SourceNew York State
Date Published03/30/2021
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Company/Division name Sumitomo Rubber USA
Type of work Manufacturing
Reshoring category:Foreign Direct Investment
Total number of jobs (added or to be added):30
Year reshoring announced:2021
Domestically, the work will be done:In-house
Capital investment ($):122
Country(ies) from which reshored:Japan
City reshored to:Tonawanda
State(s) reshored to:NY
If relevant, work nearshored to:-
Industry(ies):Plastic & Rubber Products
Product(s) reshoredtires
What domestic positive factors made reshoring more attractive?Government Incentives, Skilled workforce availability/training
Government Incentive dollar amount:$3.3 million jobs tax break
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