Battery recycling startup to build second factory in South Carolina

SourceThe Hill
Date Published12/14/2022
Author NameAlejandra O’Connell-Domenech
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Company/Division name 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
State(s) reshored to:SC
If relevant, work nearshored to:-
Industry(ies):Electrical Equipment, Appliances & Components
Product(s) reshoredbattery recycling, cathodes
What domestic positive factors made reshoring more attractive?Lead time/Time to market
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