ABB Announces $170M in U.S. Projects

URLhttps://www.inddist.com/company-expansion-consolid
Sourceinddist.com
Date Published04/04/2023
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

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) reshoredElastimold
What domestic positive factors made reshoring more attractive?Government Incentives, Inflation Reduction Act, CHIPS Act
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