URL | https://gsabusiness.com/news/automotive/82572/?utm |
Source | GSA Business Report |
Date Published | 09/20/2022 |
Author Name | Ross Norton |
Mentions specific company case(s) of reshoring, kept from offshoring, or transplant | Yes |
Company/Division name | Volvo |
Parent company | Volvo Group of Sweden |
Type of work | Manufacturing |
Reshoring category: | Foreign Direct Investment |
Year reshoring announced: | 2022 |
Capital investment ($): | 42 |
Country(ies) from which reshored: | Sweden |
State(s) reshored to: | SC |
If relevant, work nearshored to: | - |
Industry(ies): | Transportation Equipment |
Product(s) reshored | tooling facility, mold preparation |
What domestic positive factors made reshoring more attractive? | Under-utilized capacity |