Festo Marks 50 Years in the U.S. with Major Expansions in U.S.-Based Manufacturing and R&D

URLhttps://www.automation.com/en-us/articles/august-2
SourceAutomation.com
Date Published08/10/2022
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Company/Division name Festo U.S
Parent companyFesto
Type of work Manufacturing
Reshoring category:Foreign Direct Investment
What product(s) and/or service(s) were outsourced domestically?Manufacturing
Year reshoring announced:2022
Year reshoring implemented or to be implemented:2022
Country(ies) from which reshored:Germany
City reshored to:Mason
State(s) reshored to:OH
If relevant, work nearshored to:-
Industry(ies):Electrical Equipment, Appliances & Components, Transportation Equipment
Product(s) reshoredvalve terminals, gantry robots, robotic surgical
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?Automation/technology, Lead time/Time to market, Skilled workforce availability/training, Under-utilized capacity, Other, Covid
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