Company/Division name | TRUMPF Inc. |
Parent company | Trumpf GmbH |
Reshoring category: | Foreign Direct Investment |
Year reshoring announced: | 2023 |
Year reshoring implemented or to be implemented: | 2024 |
Capital investment ($): | 40 |
Country(ies) from which reshored: | Germany |
City reshored to: | Farmington |
State(s) reshored to: | CT |
If relevant, work nearshored to: | - |
Industry(ies): | Machinery |
Product(s) reshored | laser cutting, bending and welding machinery |
What domestic positive factors made reshoring more attractive? | Automation/technology, Eco-system synergies, Manufacturing/engineering joint innovation (R&D), Proximity to customers/market |