Manitou Group announces $80 million investment in two U.S. manufacturing sites

URLhttps://www.mmh.com/article/manitou_group_announce
SourceModern Materials Handling
Date Published02/23/2022
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Company/Division name Manitou Group
Type of work Manufacturing
Reshoring category:Foreign Direct Investment
Total number of jobs (added or to be added):50
Year reshoring announced:2022
Year reshoring implemented or to be implemented:2023
Domestically, the work will be done:In-house
Capital investment ($):40
Country(ies) from which reshored:France
City reshored to:Madison
State(s) reshored to:SD
If relevant, work nearshored to:-
Industry(ies):Transportation Equipment
Product(s) reshoredearthmoving equipment
What non-domestic negative factors made offshoring less attractive?Social/ethical concerns
What domestic positive factors made reshoring more attractive?Customer responsiveness improvement, Higher productivity
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