Manufacturer Plans $110 Million Mississippi Tube Mill

URLhttps://www.thomasnet.com/insights/manufacturer-pl
SourceTHOMAS
Date Published07/27/2022
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Company/Division name Altex Heat Exchanger Ltd.
Parent companyAltex Heat Exchanger Ltd.
Type of work Manufacturing
Reshoring category:Foreign Direct Investment
Total number of jobs (added or to be added):58
Year reshoring announced:2022
Year reshoring implemented or to be implemented:2023
Capital investment ($):110
Country(ies) from which reshored:Canada
City reshored to:Columbus
State(s) reshored to:MS
If relevant, work nearshored to:-
Industry(ies):Fabricated Metal Products, Machinery
Product(s) reshoredshell and tube heat exchangers
What non-domestic negative factors made offshoring less attractive?Supply chain interruption risk/Natural disaster risk/Political instability
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