Germany-Based Evonik Expands Theodore, Alabama, Manufacturing Operations

URLhttps://www.areadevelopment.com/newsitems/2-28-202
SourceArea Development
Date Published02/28/2022
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Company/Division name Evonik
Type of work Manufacturing
Reshoring category:Foreign Direct Investment
Year reshoring announced:2022
Year reshoring implemented or to be implemented:2024
Domestically, the work will be done:In-house
Capital investment ($):176.5
Country(ies) from which reshored:Germany
City reshored to:Mobile County
State(s) reshored to:AL
If relevant, work nearshored to:-
Industry(ies):Chemicals
Product(s) reshoredMetAmino (DL-methionine) product, livestck feed
What non-domestic negative factors made offshoring less attractive?Green considerations, Quality/rework/warranty, Social/ethical concerns, Supply chain interruption risk/Natural disaster risk/Political instability
What domestic positive factors made reshoring more attractive?Eco-system synergies, Manufacturing/engineering joint innovation (R&D)
Find Reshoring Articles