Company/Division name | Shinhwa U.S. Auto Corp. |
Parent company | Shinhwa Group |
Type of work | Manufacturing |
Reshoring category: | Foreign Direct Investment |
Total number of jobs (added or to be added): | 42 |
What product(s) and/or service(s) were outsourced domestically? | Manufacturing |
Year reshoring announced: | 2022 |
Domestically, the work will be done: | In-house |
Capital investment ($): | 78 |
Country(ies) from which reshored: | Korea, Republic of |
City reshored to: | Auburn |
State(s) reshored to: | AL |
If relevant, work nearshored to: | - |
Industry(ies): | Castings/Foundries - Subset of Primary Metal Products, Fabricated Metal Products, Primary Metal Products (not including Foundries and Castings), Transportation Equipment |
Product(s) reshored | auto parts |
What non-domestic negative factors made offshoring less attractive? | Supply chain interruption risk/Natural disaster risk/Political instability |