Economic development roundup: Swedish company to open first U.S. operation in North Carolina

SourceThe Center Square
Date Published04/19/2021
Author NameJason Schaumberg
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Company/Division name Polykemi AB
Type of work Manufacturing
Reshoring category:Foreign Direct Investment
Total number of jobs (added or to be added):22
Year reshoring announced:2021
Domestically, the work will be done:In-house
Capital investment ($):11.8
Country(ies) from which reshored:Sweden
City reshored to:Gastonia
State(s) reshored to:NC
If relevant, work nearshored to:-
Industry(ies):Plastic & Rubber Products
Product(s) reshoredPlastics
What domestic positive factors made reshoring more attractive?Government Incentives, Proximity to customers/market
Government Incentive dollar amount:One North Carolina Fund grant of $50,000
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