ABB to add new US manufacturing facility to support grid hardening and resiliency

URLhttps://www.smartindustry.com/benefits-of-transfor
SourceSmart industry
Date Published03/30/2023
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Company/Division name ABB
Parent companyABB 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) reshoredelectric grid
What domestic positive factors made reshoring more attractive?Lead time/Time to market
Find Reshoring Articles