EVELUTION ENERGY ANNOUNCES $200 MILLION COBALT PRODUCTION FACILITY IN YUMA COUNTY

URLhttps://go.azcommerce.com/webmail/629661/834361986
Sourcego.azcommerce.com
Date Published03/29/2023
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Company/Division name EVelution Energy
Type of work Manufacturing
Reshoring category:Reshoring
Total number of jobs (added or to be added):60
Year reshoring announced:2023
Year reshoring implemented or to be implemented:2026
Domestically, the work will be done:In-house
Capital investment ($):200
City reshored to:Yuma County
State(s) reshored to:AZ
If relevant, work nearshored to:-
Industry(ies):Primary Metal Products (not including Foundries and Castings)
Product(s) reshoredcobalt sulfate processing
What non-domestic negative factors made offshoring less attractive?Green considerations, Supply chain interruption risk/Natural disaster risk/Political instability
What domestic positive factors made reshoring more attractive?Impact on domestic economy, Skilled workforce availability/training
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