Company/Division name | ABB |
Parent company | ABB AG |
Type of work | Manufacturing |
Reshoring category: | Foreign Direct Investment |
Total number of jobs (added or to be added): | 55 |
Year reshoring announced: | 2022 |
Year reshoring implemented or to be implemented: | 2024 |
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): | Electrical Equipment, Appliances & Components |
Product(s) reshored | electric grid |
What domestic positive factors made reshoring more attractive? | Lead time/Time to market |