Company/Division name | Redwood Materials |
Parent company | Redwood Materials |
Type of work | Manufacturing |
Reshoring category: | Reshoring |
Total number of jobs (added or to be added): | 1500 |
Year reshoring announced: | 2022 |
Year reshoring implemented or to be implemented: | 2023 |
Capital investment ($): | 3500 |
City reshored to: | Charleston |
State(s) reshored to: | SC |
If relevant, work nearshored to: | - |
Industry(ies): | Electrical Equipment, Appliances & Components |
Product(s) reshored | anodes, cathodes |
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? | Eco-system synergies, Government Incentives, Infrastructure, Image/brand, Manufacturing/engineering joint innovation (R&D), Proximity to customers/market, IRA, local supply chain |
Government Incentive dollar amount: | 900 |