Company/Division name | ABB |
Type of work | Manufacturing |
Reshoring category: | Foreign Direct Investment |
Total number of jobs (added or to be added): | 55 |
Year reshoring announced: | 2023 |
Year reshoring implemented or to be implemented: | 2024 |
Domestically, the work will be done: | In-house |
Capital investment ($): | 40 |
Country(ies) from which reshored: | Switzerland |
City reshored to: | Albuquerque |
State(s) reshored to: | NM |
If relevant, work nearshored to: | - |
Industry(ies): | Plastic & Rubber Products |
Product(s) reshored | Elastimold |
What domestic positive factors made reshoring more attractive? | Government Incentives, Inflation Reduction Act, CHIPS Act |