Company/Division name | Prysmian Group |
Parent company | Prysmian Group |
Type of work | Manufacturing |
If manufacturing, is the company a contract manufacturer? | Yes |
Reshoring category: | Foreign Direct Investment |
Year reshoring announced: | 2022 |
Capital investment ($): | 200 |
Country(ies) from which reshored: | Italy |
City reshored to: | Somerset |
State(s) reshored to: | MA |
If relevant, work nearshored to: | - |
Industry(ies): | Machinery |
Product(s) reshored | subsea transmission cables |
What domestic positive factors made reshoring more attractive? | Infrastructure, Manufacturing/engineering joint innovation (R&D), Proximity to customers/market, U.S. price of natural gas/chemicals/electricity |