Textile Equipment Manufacturer to Establish Global Headquarters in Rowan County with $5 Million Investment

URLhttps://governor.nc.gov/news/press-releases/2022/1
Sourcegovernor.nc.gov
Date Published10/18/2022
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Company/Division name Fab-Con Machinery Development Corporation
Type of work Manufacturing
Reshoring category:Reshoring
Total number of jobs (added or to be added):27
Year reshoring announced:2022
Domestically, the work will be done:In-house
Capital investment ($):5.3
City reshored to:Salisbury
State(s) reshored to:NC
If relevant, work nearshored to:-
Industry(ies):Apparel & Textiles, Machinery
Product(s) reshoredequipment for textile industry
What non-domestic negative factors made offshoring less attractive?Intellectual property risk, Total cost
What domestic positive factors made reshoring more attractive?Eco-system synergies, Proximity to customers/market, Skilled workforce availability/training
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