Summit Polymers Will Invest $37.5M In Kentucky

URLhttps://businessfacilities.com/2022/05/summit-poly
Sourcehttps://businessfacilities.com
Date Published05/02/2022
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Company/Division name Summit Polymers Inc.
Parent companySummit Polymers Inc.
Type of work Manufacturing
Reshoring category:Reshoring
Total number of jobs (added or to be added):218
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 ($):37.5
City reshored to:Anderson County
State(s) reshored to:KY
If relevant, work nearshored to:-
Industry(ies):Transportation Equipment
Product(s) reshoredplastic injection molding, paint applications
What domestic positive factors made reshoring more attractive?Government Incentives, Skilled workforce availability/training
Government Incentive dollar amount:$2.8 million in tax incentives
Find Reshoring Articles