Hemp processor BIOPHIL to invest $10.9M in N.C. operation

URLhttps://www.etextilecommunications.com/news/hemp-p
SourceE textile communications
Date Published09/15/2022
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Company/Division name BIOPHIL Natural Fibers
Type of work Manufacturing
Reshoring category:Reshoring
Total number of jobs (added or to be added):41
Year reshoring announced:2022
Domestically, the work will be done:In-house
Capital investment ($):10.9
City reshored to:Lumberton
State(s) reshored to:NC
If relevant, work nearshored to:-
Industry(ies):Apparel & Textiles
Product(s) reshoredhemp textiles
What domestic positive factors made reshoring more attractive?Eco-system synergies, Proximity to customers/market, Raw Materials Cost
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