Civica to produce lower-cost insulin

URLhttps://www.virginiabusiness.com/article/civica-to
SourceVirginia Business
Date Published04/28/2022
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Company/Division name Civica Rx
Type of work Manufacturing
Reshoring category:Reshoring
Total number of jobs (added or to be added):250
Year reshoring announced:2022
Domestically, the work will be done:In-house
Capital investment ($):124.5
City reshored to:Petersburg
State(s) reshored to:VA
If relevant, work nearshored to:-
Industry(ies):Chemicals
Product(s) reshoredinsulin
What non-domestic negative factors made offshoring less attractive?Supply chain interruption risk/Natural disaster risk/Political instability
What domestic positive factors made reshoring more attractive?Government Incentives, Proximity to customers/market, Biden, bill to cap insulin prices
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