New manufacturing center under construction at former GE facility in Salem

SourceThe Roanoke TImes
Date Published02/02/2023
Author NameJeff Sturgeon
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Company/Division name STS Group AG
Parent companySTS 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) reshoredautomotive components maker
What domestic positive factors made reshoring more attractive?Automation/technology
Find Reshoring Articles