Company/Division name | IKO |
Type of work | Manufacturing |
Reshoring category: | Foreign Direct Investment |
Total number of jobs (added or to be added): | 40 |
Year reshoring announced: | 2022 |
Domestically, the work will be done: | In-house |
Capital investment ($): | 70 |
Country(ies) from which reshored: | Belgium |
City reshored to: | Hagerstown |
State(s) reshored to: | MD |
If relevant, work nearshored to: | - |
Industry(ies): | Plastic & Rubber Products |
Product(s) reshored | thermoplastic polyolefin (TPO) |
What domestic positive factors made reshoring more attractive? | Lean/other business process improvement techniques, Proximity to customers/market |