Hitachi Energy invests US$37 million to expand transformer manufacturing facility in South Boston, Virginia

URLhttps://www.hitachienergy.com/us/en/news/press-rel
SourceHitachi Energy
Date Published10/12/2022
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Company/Division name Hitachi Energy
Type of work Manufacturing
Reshoring category:Foreign Direct Investment
Year reshoring announced:2022
Domestically, the work will be done:In-house
Capital investment ($):37
Country(ies) from which reshored:Switzerland
City reshored to:South Boston
State(s) reshored to:VA
If relevant, work nearshored to:-
Industry(ies):Computer & Electronic Products, Machinery
Product(s) reshoredpower transformers
What domestic positive factors made reshoring more attractive?Eco-system synergies, Government Incentives, Proximity to customers/market, Skilled workforce availability/training
Government Incentive dollar amount:Virginia’s Economic Development Partnership
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