Company/Division name | Microvast Advanced Membrane Inc. |
Type of work | Manufacturing |
Reshoring category: | Reshoring |
Total number of jobs (added or to be added): | 562 |
Year reshoring announced: | 2023 |
Year reshoring implemented or to be implemented: | 2024 |
Domestically, the work will be done: | In-house |
Capital investment ($): | 504 |
City reshored to: | Hopkinsville |
State(s) reshored to: | KY |
If relevant, work nearshored to: | - |
Industry(ies): | Chemicals |
Product(s) reshored | thin polyaramid base film |
What non-domestic negative factors made offshoring less attractive? | Supply chain interruption risk/Natural disaster risk/Political instability |
What domestic positive factors made reshoring more attractive? | Government Incentives, Infrastructure Investment |
Government Incentive dollar amount: | $200 million DoD grant, $21 tax breaks |