Company/Division name | Daejin Advanced Materials USA Inc. |
Parent company | Daejin Advanced Materials |
Type of work | Manufacturing |
Reshoring category: | Foreign Direct Investment |
Total number of jobs (added or to be added): | 111 |
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 ($): | 12.3 |
Country(ies) from which reshored: | Korea, Republic of |
City reshored to: | Adrian |
State(s) reshored to: | MI |
If relevant, work nearshored to: | - |
Industry(ies): | Plastic & Rubber Products |
Product(s) reshored | polymers for batteries |
What domestic positive factors made reshoring more attractive? | Eco-system synergies, Government Incentives |
Government Incentive dollar amount: | $500,000 |