Siemens Mobility to invest $220 million into North Carolina rail manufacturing facility

URLhttps://www.businesswire.com/news/home/20230307005
SourceBusinessWire
Date Published03/07/2023
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Company/Division name Siemens Mobility
Parent companySiemens Corporation
Type of work Manufacturing
Reshoring category:Foreign Direct Investment
Total number of jobs (added or to be added):500
Year reshoring announced:2023
Year reshoring implemented or to be implemented:2024
Capital investment ($):220
Country(ies) from which reshored:Germany
City reshored to:Lexington
State(s) reshored to:NC
If relevant, work nearshored to:-
Industry(ies):Transportation Equipment
Product(s) reshoredTrain cars
What domestic positive factors made reshoring more attractive?Government Incentives, Proximity to customers/market, Skilled workforce availability/training, Bipartisan Infrastructure Law
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