Four Expanding Companies To Invest More Than $104M In North Carolina

SourceBusiness Facilities
Date Published05/13/2022
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Company/Division name Premix Group
Type of work Manufacturing
Reshoring category:Foreign Direct Investment
Total number of jobs (added or to be added):30
Year reshoring announced:2022
Domestically, the work will be done:In-house
Capital investment ($):47
Country(ies) from which reshored:Finland
City reshored to:Gaston County
State(s) reshored to:NC
If relevant, work nearshored to:-
Industry(ies):Plastic & Rubber Products
Product(s) reshoredelectrically conductive plastics
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?Customer responsiveness improvement, Government Incentives, Proximity to customers/market
Government Incentive dollar amount:$75,000
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