Nextracker Commissions New Manufacturing Plant with JM Steel in Texas to Serve Southern USA Solar Power Market

URLhttps://www.prnewswire.com/news-releases/nextracke
Sourcehttps://www.prnewswire.com
Date Published04/20/2022
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Company/Division name Nextracker
Parent companyNextracker
Type of work Manufacturing
Reshoring category:Reshoring
Total number of jobs (added or to be added):50
What product(s) and/or service(s) were outsourced domestically?Manufacturing
Year reshoring announced:2022
Year reshoring implemented or to be implemented:2023
Domestically, the work will be done:In-house
State(s) reshored to:TX
If relevant, work nearshored to:-
Industry(ies):Computer & Electronic Products, Fabricated Metal Products
Product(s) reshoredsolar tracker
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?Raw Materials Cost
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