Cutting Tool Manufacturer Invests $39 Million to Expand Operations

URLhttps://www.thomasnet.com/insights/machine-tool-ma
SourceTHOMAS
Date Published09/09/2022
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Company/Division name IMCO Carbide Tool
Type of work Manufacturing
Reshoring category:Reshoring
Total number of jobs (added or to be added):92
What product(s) and/or service(s) were outsourced domestically?Manufacturing
Year reshoring announced:2022
Year reshoring implemented or to be implemented:2023
Capital investment ($):40
City reshored to:Perrysburg Township
State(s) reshored to:OH
If relevant, work nearshored to:-
Industry(ies):Fabricated Metal Products, Machinery
Product(s) reshoredcutting tools
What domestic positive factors made reshoring more attractive?Lead time/Time to market, Skilled workforce availability/training
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