A major manufacturer in Lexington is moving forward with its $50 million expansion

SourceJournal Now
Date Published12/02/2021
Author NameRichard Carver
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Company/Division name EGGER Wood Products
Parent companyEGGER Wood Products LLC
Type of work Manufacturing
Reshoring category:Foreign Direct Investment
Total number of jobs (added or to be added):40
Year reshoring announced:2021
Year reshoring implemented or to be implemented:2023
Capital investment ($):50
$/year of sales of reshored product or service:3.64
Country(ies) from which reshored:Austria
City reshored to:Lexington
State(s) reshored to:NC
If relevant, work nearshored to:-
Industry(ies):Wood & Paper Products
Product(s) reshoredlaminates
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?Government Incentives, Lead time/Time to market, Manufacturing/engineering joint innovation (R&D), Proximity to customers/market
Government Incentive dollar amount:5.3
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