Pratt Industries Commits to Investing $5 Billion in Recycling, Clean Energy Infrastructure and Manufacturing Jobs in the USA over the Next 10 Years

URLhttps://innovations.prattindustries.com/pratt-inve
SourceInnovations eNews
Date Published11/14/2022
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Company/Division name Pratt Industries
Type of work Manufacturing
Reshoring category:Foreign Direct Investment
Total number of jobs (added or to be added):300
Year reshoring announced:2022
Capital investment ($):500
Country(ies) from which reshored:Australia
City reshored to:Henderson
State(s) reshored to:KY
If relevant, work nearshored to:-
Industry(ies):Wood & Paper Products
Product(s) reshoredrecycled paper and packaging
What domestic positive factors made reshoring more attractive?3D Printing/Additive Manufacturing, Automation/technology, Eco-system synergies, Manufacturing/engineering joint innovation (R&D), Proximity to customers/market, clean energy
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