New Balance Announces $68 Million Tennessee Facility

URLhttps://www.thomasnet.com/insights/new-balance-ann
Sourcethomasnet
Date Published10/31/2022
Author NameAndy Szal
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Company/Division name New Balance
Parent companyNew Balance
Type of work Manufacturing
Reshoring category:Reshoring
Total number of jobs (added or to be added):150
Year reshoring announced:2022
Capital investment ($):70
City reshored to:Lebanon
State(s) reshored to:TN
If relevant, work nearshored to:-
Industry(ies):Apparel & Textiles
Product(s) reshoredfootwear
What domestic positive factors made reshoring more attractive?Automation/technology, Infrastructure, Image/brand, Proximity to customers/market, autoreshore
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