Four Expanding Companies To Invest More Than $104M In North Carolina

URLhttps://businessfacilities.com/2022/05/four-expand
SourceBusiness Facilities
Date Published05/13/2022
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Company/Division name COSMOIND Co., Ltd.
Type of work Manufacturing
Reshoring category:Foreign Direct Investment
Total number of jobs (added or to be added):168
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) reshoredpolyethylene infrastructure piping
What domestic positive factors made reshoring more attractive?Government Incentives
Government Incentive dollar amount:$1,080,000
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