Company/Division name | Sekisui Voltek LLC |
Parent company | Sekisui Chemical |
Type of work | Manufacturing |
Reshoring category: | Foreign Direct Investment |
Total number of jobs (added or to be added): | 20 |
Year reshoring announced: | 2022 |
Year reshoring implemented or to be implemented: | 2023 |
Capital investment ($): | 39 |
City reshored to: | Coldwater |
State(s) reshored to: | MI |
If relevant, work nearshored to: | - |
Industry(ies): | Chemicals, Plastic & Rubber Products |
Product(s) reshored | polyolefin foams |
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, Proximity to customers/market, Under-utilized capacity, Other, COVID-19 |
Government Incentive dollar amount: | 12-year property tax abatement from the city |