Technimark to invest $62m to expand healthcare production in Asheboro, US

URLhttps://www.packaging-gateway.com/news/technimark-
Sourcehttps://www.packaging-gateway.com
Date Published04/22/2022
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Company/Division name Technimark LLC
Type of work Manufacturing
Reshoring category:Reshoring
Total number of jobs (added or to be added):220
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 ($):62
City reshored to:Asheboro
State(s) reshored to:NC
If relevant, work nearshored to:-
Industry(ies):Medical Equipment & Supplies
Product(s) reshoredMedical device packaging
What domestic positive factors made reshoring more attractive?Skilled workforce availability/training, Under-utilized capacity
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