Canada-Based Vector Corrosion Technologies Plans Lexington, Kentucky, Manufacturing Plant

URLhttps://www.areadevelopment.com/newsItems/2-3-2022
Sourcehttps://www.areadevelopment.com/
Date Published02/03/2022
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Company/Division name Vector Corrosion Technologies Inc.
Parent companyVector Corrosion Technologies Inc.
Type of work Manufacturing
Reshoring category:Foreign Direct Investment
Total number of jobs (added or to be added):20
What product(s) and/or service(s) were outsourced domestically?Manufacturing
Year reshoring announced:2022
Domestically, the work will be done:In-house
Capital investment ($):1
Country(ies) from which reshored:Canada
City reshored to:Lexington
State(s) reshored to:KY
If relevant, work nearshored to:-
Industry(ies):Chemicals, Primary Metal Products (not including Foundries and Castings)
Product(s) reshoredCorrosion mitigation products
What domestic positive factors made reshoring more attractive?Government Incentives
Government Incentive dollar amount:$132,000
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