Pipe Manufacturer Announces $12.8 Million North Carolina Factory

URLhttps://www.thomasnet.com/insights/pipe-manufactur
SourceTHOMAS
Date Published05/24/2022
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Company/Division name Cosmoind Co.
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
City reshored to:Middlesex
State(s) reshored to:NC
If relevant, work nearshored to:-
Industry(ies):Plastic & Rubber Products
Product(s) reshoredplastic pipe, polyethylene pipes
What domestic positive factors made reshoring more attractive?Government Incentives
Government Incentive dollar amount:$1 million
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