Decatur Mold Tool & Engineering, Inc. Expansion Announced

URLhttps://www.madisoncourier.com/north_vernon/decatu
Sourcehttps://www.madisoncourier.com
Date Published04/21/2022
Author NameKathy Ertel Jennings
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Company/Division name Decatur Mold Tool & Engineering. Inc.
Parent companyDecatur Mold Tool & Engineering. Inc.
Type of work Manufacturing
Reshoring category:Reshoring
Total number of jobs (added or to be added):4
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
Capital investment ($):3
City reshored to:North Vernon
State(s) reshored to:IN
If relevant, work nearshored to:-
Industry(ies):Plastic & Rubber Products
Product(s) reshoredplastic injection molds
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
Government Incentive dollar amount:$150K
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