Company/Division name | Sumitomo Electric Industries |
Parent company | Sumitomo Electric Industries, Ltd. |
Type of work | Manufacturing |
Reshoring category: | Foreign Direct Investment |
Year reshoring announced: | 2023 |
Capital investment ($): | 7.6 |
Country(ies) from which reshored: | Japan |
State(s) reshored to: | CA |
If relevant, work nearshored to: | - |
Industry(ies): | Electrical Equipment, Appliances & Components |
Product(s) reshored | vanadium redox flow battery (VRFB) |
What domestic positive factors made reshoring more attractive? | Eco-system synergies, Government Incentives, Infrastructure, Proximity to customers/market, clean energy |