Hyperion Companies Relocates-Plans Columbus, Ohio, Headquarters

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 Hyperion Companies Inc
Parent companyHyperion Companies Inc
Type of work Manufacturing
Reshoring category:Reshoring
Total number of jobs (added or to be added):680
What product(s) and/or service(s) were outsourced domestically?Manufacturing
Year reshoring announced:2022
Year reshoring implemented or to be implemented:2023
Domestically, the work will be done:In-house
Capital investment ($):297
City reshored to:Columbus
State(s) reshored to:OH
If relevant, work nearshored to:-
Industry(ies):Chemicals, Electrical Equipment, Appliances & Components
Product(s) reshoredHydrogen fuel cell
What non-domestic negative factors made offshoring less attractive?Green considerations
What domestic positive factors made reshoring more attractive?Manufacturing/engineering joint innovation (R&D), Skilled workforce availability/training, Under-utilized capacity, green hydrogen
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