TRUMPF Inc. Breaks Ground on New Smart Factory Production Expansion

URLhttps://www.achrnews.com/articles/152760-trumpf-in
SourceSNIPS News
Date Published03/14/2023
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Company/Division name TRUMPF Inc.
Parent companyTrumpf 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) reshoredlaser 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
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