Firm Blueprints $95M Rare-Earth Magnet Plant in US

URLhttps://www.powderbulksolids.com/mining-metals/fir
Sourcehttps://www.powderbulksolids.com
Date Published01/28/2022
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Company/Division name Quadrant
Parent company Quadrant
Type of work Manufacturing
Reshoring category:Reshoring
Total number of jobs (added or to be added):200
What product(s) and/or service(s) were outsourced domestically?Manufacturing
Year reshoring announced:2022
Domestically, the work will be done:In-house
City reshored to:Louisville
State(s) reshored to:KY
If relevant, work nearshored to:-
Industry(ies):Castings/Foundries - Subset of Primary Metal Products, Primary Metal Products (not including Foundries and Castings)
Product(s) reshoredRare earth magnet
What domestic positive factors made reshoring more attractive?Government Incentives
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