Industrial Infrastructure Piping Manufacturer to Create 168 New Jobs in Nash County for First North American Operation

URLhttps://governor.nc.gov/news/press-releases/2022/0
Sourcehttps://governor.nc.gov
Date Published05/10/2022
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Company/Division name COSMOIND Co., Ltd.
Parent companyCOSMOIND
Type of work Manufacturing
Reshoring category:Foreign Direct Investment
Total number of jobs (added or to be added):168
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 ($):12.8
Country(ies) from which reshored:Korea, Republic of
State(s) reshored to:NC
If relevant, work nearshored to:-
Industry(ies):Plastic & Rubber Products
Product(s) reshoredpolyethylene infrastructure piping
What domestic positive factors made reshoring more attractive?Government Incentives, Infrastructure, Skilled workforce availability/training
Government Incentive dollar amount:$1,080,000 Job Development Investment Grant
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