Pfizer to invest $750 million in Kalamazoo facility

URLhttps://www.uppermichiganssource.com/2022/12/05/pf
SourceTV6 News Team
Date Published12/05/2022

Additional Reshoring Information:

Parent companyPfizer
Type of work Manufacturing
Reshoring category:Reshoring
Total number of jobs (added or to be added):300
Year reshoring announced:2022
Year reshoring implemented or to be implemented:2023
Capital investment ($):750
Country(ies) from which reshored:United States
City reshored to:Kalamazoo
State(s) reshored to:MI
If relevant, work nearshored to:-
Industry(ies):Chemicals
Product(s) reshoredPharmaceuticals
What non-domestic negative factors made offshoring less attractive?Difficulty of innovation/product differentiation, Supply chain interruption risk/Natural disaster risk/Political instability , Talent and Skilled labor availability
What domestic positive factors made reshoring more attractive?Eco-system synergies, Higher productivity, Image/brand, Impact on domestic economy, Manufacturing/engineering joint innovation (R&D), Skilled workforce availability/training
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