IKO Announces Plans for New Granule Facility in Missouri

SourceYahoo Finance
Date Published09/01/2021
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Company/Division name IKO
Type of work Manufacturing
Reshoring category:Foreign Direct Investment
Year reshoring announced:2021
Year reshoring implemented or to be implemented:2024
Domestically, the work will be done:In-house
Capital investment ($):75
Country(ies) from which reshored:Belgium
City reshored to:Ironton
State(s) reshored to:MO
If relevant, work nearshored to:-
Industry(ies):Nonmetallic Mineral Products
Product(s) reshoredroofing granules and quarry
What domestic positive factors made reshoring more attractive?Infrastructure, Lean/other business process improvement techniques, Proximity to customers/market
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