Semcorp to invest $916 million in new US production site

URLhttps://evertiq.com/news/51818
Sourcehttps://evertiq.com
Date Published05/09/2022
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Type of work Manufacturing
Reshoring category:Foreign Direct Investment
Total number of jobs (added or to be added):1200
What product(s) and/or service(s) were outsourced domestically?Manufacturing
Year reshoring announced:2022
Domestically, the work will be done:In-house
Capital investment ($):916
Country(ies) from which reshored:China
City reshored to:Sidney
State(s) reshored to:OH
If relevant, work nearshored to:-
Industry(ies):Electrical Equipment, Appliances & Components
Product(s) reshoredseparator film, a key component in batteries
What non-domestic negative factors made offshoring less attractive?Supply chain interruption risk/Natural disaster risk/Political instability
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