$100M manufacturing facility coming to Stillwater, USA Rare Earth announces with Oklahoma officials | Local Business News

URLhttps://wepnews.com/100m-manufacturing-facility-co
SourceWEP NEWS
Date Published06/09/2022
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Company/Division name USA Rare Earth LLC
Parent companyUSA Rare Earth LLC
Type of work Manufacturing
Reshoring category:Reshoring
Total number of jobs (added or to be added):100
What product(s) and/or service(s) were outsourced domestically?Manufacturing
Year reshoring announced:2022
Year reshoring implemented or to be implemented:2023
Domestically, the work will be done:In-house
Capital investment ($):100
City reshored to:Stillwater
State(s) reshored to:OK
If relevant, work nearshored to:-
Industry(ies):Castings/Foundries - Subset of Primary Metal Products, Primary Metal Products (not including Foundries and Castings)
Product(s) reshoredmetals, magnets for electric vehicles
What non-domestic negative factors made offshoring less attractive?Supply chain interruption risk/Natural disaster risk/Political instability
What domestic positive factors made reshoring more attractive?Skilled workforce availability/training
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