German auto parts maker to build $38M Wythe County factory

SourceVirginia Business
Date Published04/08/2021
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Company/Division name STS Group AG
Parent companySTS Group North America
Type of work Manufacturing
Reshoring category:Foreign Direct Investment
Total number of jobs (added or to be added):120
Year reshoring announced:2021
Year reshoring implemented or to be implemented:2021
Domestically, the work will be done:In-house
Capital investment ($):39
Country(ies) from which reshored:Germany
City reshored to:Wytheville
State(s) reshored to:VA
If relevant, work nearshored to:-
Industry(ies):Fabricated Metal Products, automobile, trucking
Product(s) reshoredhard trim products, automotive parts
What domestic positive factors made reshoring more attractive?Infrastructure, Lead time/Time to market
Government Incentive dollar amount:$580,000
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