Company/Division name | LG Energy Solution |
Parent company | LG Energy Solution |
Type of work | Manufacturing |
Reshoring category: | Foreign Direct Investment |
What product(s) and/or service(s) were outsourced domestically? | Manufacturing |
Year reshoring announced: | 2022 |
Year reshoring implemented or to be implemented: | 2024 |
Domestically, the work will be done: | In-house |
Capital investment ($): | 1400 |
Country(ies) from which reshored: | Korea, Republic of |
City reshored to: | Queen Creek |
State(s) reshored to: | AZ |
If relevant, work nearshored to: | - |
Industry(ies): | Electrical Equipment, Appliances & Components, Hobbies (subset of Miscelaneous), Miscellaneous – subset non Hobbies |
Product(s) reshored | cylindrical-type batteries for EV |
What domestic positive factors made reshoring more attractive? | Automation/technology, Proximity to customers/market, Skilled workforce availability/training, Under-utilized capacity, Other, Quality of life |