EUROPEAN PLASTICS MANUFACTURER TO INVEST $47 MILLION TO BUILD U.S. MANUFACTURING PLANT IN GASTON COUNTY

URLhttps://edpnc.com/premix-group-announcement/
Sourcehttps://edpnc.com
Date Published05/06/2022
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Company/Division name Premix, Inc.
Parent companyPremix Group
Type of work Manufacturing
Reshoring category:Foreign Direct Investment
Total number of jobs (added or to be added):30
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 ($):47
Country(ies) from which reshored:Finland
State(s) reshored to:NC
If relevant, work nearshored to:-
Industry(ies):Electrical Equipment, Appliances & Components, Plastic & Rubber Products
Product(s) reshoredelectrically conductive plastics
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?Skilled workforce availability/training
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