Igus plans $200M R.I. expansion in East Providence

SourceProvidence Business News
Date Published09/22/2022
Author NameJacquelyn Voghel
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Company/Division name Igus Bearings Inc
Parent companyIgus Bearings Inc
Type of work Manufacturing
Reshoring category:Foreign Direct Investment
Total number of jobs (added or to be added):150
Year reshoring announced:2022
Capital investment ($):200
Country(ies) from which reshored:Germany
City reshored to:East Providence
State(s) reshored to:RI
If relevant, work nearshored to:-
Industry(ies):Plastic & Rubber Products
Product(s) reshoredpolymer manufacturing
What domestic positive factors made reshoring more attractive?Eco-system synergies, Government Incentives, Higher productivity
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