Baker rolls out plans to turn coal plant into state’s first offshore wind manufacturing facility

Date Published02/17/2022
Author NameJennifer McDermott
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Company/Division name Prysmian Group
Parent companyPrysmian Group
Type of work Manufacturing
If manufacturing, is the company a contract manufacturer?Yes
Reshoring category:Foreign Direct Investment
Year reshoring announced:2022
Capital investment ($):200
Country(ies) from which reshored:Italy
City reshored to:Somerset
State(s) reshored to:MA
If relevant, work nearshored to:-
Product(s) reshoredsubsea transmission cables
What domestic positive factors made reshoring more attractive?Infrastructure, Manufacturing/engineering joint innovation (R&D), Proximity to customers/market, U.S. price of natural gas/chemicals/electricity
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