Canadian manufacturing company coming to former Pfizer property

URLhttps://www.pressrepublican.com/news/canadian-manu
SourcePress-Republican
Date Published12/01/2022
Author NameCarly Newton
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Company/Division name Fermos
Type of work Manufacturing
Reshoring category:Foreign Direct Investment
Total number of jobs (added or to be added):10
Year reshoring announced:2022
Year reshoring implemented or to be implemented:2023
Country(ies) from which reshored:Canada
City reshored to:Rouses Point
State(s) reshored to:NY
If relevant, work nearshored to:-
Industry(ies):Furniture
Product(s) reshoredRetail Fixtures
What non-domestic negative factors made offshoring less attractive?Supply chain interruption risk/Natural disaster risk/Political instability
What domestic positive factors made reshoring more attractive?Impact on domestic economy, Proximity to customers/market, Under-utilized capacity, Proximity to Headquarters
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