Scholle IPN Expands Smyth County, Virginia, Operations

URLhttps://www.areadevelopment.com/newsItems/6-2-2022
Source
Date Published06/06/2022
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Company/Division name Scholle IPN
Parent companySIG Group AG
Type of work Manufacturing
Reshoring category:Foreign Direct Investment
Total number of jobs (added or to be added):75
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 ($):31.1
Country(ies) from which reshored:Switzerland
State(s) reshored to:VA
If relevant, work nearshored to:-
Industry(ies):Plastic & Rubber Products
Product(s) reshoredflexible packaging solutions
What domestic positive factors made reshoring more attractive?Customer responsiveness improvement, Government Incentives, Infrastructure, Lead time/Time to market, Raw Materials Cost, Skilled workforce availability/training
Government Incentive dollar amount:$600,000 grant from the Commonwealth’s Opportunity
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