Company/Division name | SKF Group |
Parent company | SK Group |
Type of work | Manufacturing |
Reshoring category: | Foreign Direct Investment |
What product(s) and/or service(s) were outsourced domestically? | Manufacturing |
Year reshoring announced: | 2022 |
Capital investment ($): | 22000 |
Country(ies) from which reshored: | Korea, Republic of |
City reshored to: | Austin |
State(s) reshored to: | TX |
If relevant, work nearshored to: | - |
Industry(ies): | Electrical Equipment, Appliances & Components |
Product(s) reshored | semiconductor, green energy, bioscience research, |
What non-domestic negative factors made offshoring less attractive? | Green considerations |