Components Manufacturer Leaves California, Invests $17 Million in New Tennessee Facility

Date Published06/28/2021
Author NameAndy Szal
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Company/Division name Advanex Americas
Parent companyAdvanex Group
Type of work Manufacturing
Reshoring category:Foreign Direct Investment
Total number of jobs (added or to be added):102
Year reshoring announced:2021
Capital investment ($):17
Country(ies) from which reshored:Japan
City reshored to:White House
State(s) reshored to:TN
If relevant, work nearshored to:-
Industry(ies):Miscellaneous – subset non Hobbies
Product(s) reshoredsprings, pins, stampings, plastics components
What domestic positive factors made reshoring more attractive?Eco-system synergies, Infrastructure, Proximity to customers/market, Skilled workforce availability/training
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