Company/Division name | Sumitomo Forestry America, Inc. |
Parent company | Sumitomo Forestry |
Type of work | Manufacturing |
Reshoring category: | Foreign Direct Investment |
Total number of jobs (added or to be added): | 129 |
Year reshoring announced: | 2022 |
Capital investment ($): | 19.5 |
Country(ies) from which reshored: | Japan |
City reshored to: | Archdale |
State(s) reshored to: | NC |
If relevant, work nearshored to: | - |
Industry(ies): | Nonmetallic Mineral Products, Wood & Paper Products |
Product(s) reshored | housing and wood, roof trusses, floor trusses, and |
What domestic positive factors made reshoring more attractive? | Government Incentives, Infrastructure, Raw Materials Cost, Skilled workforce availability/training |
Government Incentive dollar amount: | $308.3 million |