North American Stainless Plans Ghent, Kentucky, Manufacturing Complex

SourceArea Development
Date Published01/27/2023
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Company/Division name North American Stainless
Parent companyAcerinox Group
Type of work Manufacturing
Reshoring category:Foreign Direct Investment
Total number of jobs (added or to be added):70
Year reshoring announced:2023
Capital investment ($):244
Country(ies) from which reshored:Spain
City reshored to:Ghent
State(s) reshored to:KY
If relevant, work nearshored to:-
Industry(ies):Primary Metal Products (not including Foundries and Castings)
Product(s) reshoredintegrated stainless steel
What domestic positive factors made reshoring more attractive?Eco-system synergies, Government Incentives, Proximity to customers/market, Skilled workforce availability/training
Government Incentive dollar amount:2.9
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