URL | https://roanoke.com/business/local/new-manufacturi |
Source | The Roanoke TImes |
Date Published | 02/02/2023 |
Author Name | Jeff Sturgeon |
Mentions specific company case(s) of reshoring, kept from offshoring, or transplant | Yes |
Company/Division name | STS Group AG |
Parent company | STS Group |
Type of work | Manufacturing |
Reshoring category: | Foreign Direct Investment |
Year reshoring announced: | 2023 |
Capital investment ($): | 8 |
Country(ies) from which reshored: | Germany |
City reshored to: | Salem |
State(s) reshored to: | VA |
If relevant, work nearshored to: | - |
Industry(ies): | Transportation Equipment |
Product(s) reshored | automotive components maker |
What domestic positive factors made reshoring more attractive? | Automation/technology |