International Manufacturers Drive Growth In Indiana

SourceBusiness Facilities
Date Published09/16/2021
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Company/Division name Variotech
Type of work Manufacturing
Reshoring category:Foreign Direct Investment
Total number of jobs (added or to be added):22
Year reshoring announced:2021
Year reshoring implemented or to be implemented:2023
Domestically, the work will be done:In-house
Capital investment ($):2.2
Country(ies) from which reshored:Germany
City reshored to:indianapolis
State(s) reshored to:IN
If relevant, work nearshored to:-
Industry(ies):Plastic & Rubber Products
Product(s) reshoredtrays for automation
What non-domestic negative factors made offshoring less attractive?Delivery
What domestic positive factors made reshoring more attractive?Automation/technology, Customer responsiveness improvement, Government Incentives, Infrastructure, Lead time/Time to market, Proximity to customers/market
Government Incentive dollar amount:$225,000 grants and tax credits
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