Company/Division name | Essex Furukawa |
Parent company | Furukawa Electric Co., Ltd. |
Type of work | Manufacturing |
Reshoring category: | Foreign Direct Investment |
Total number of jobs (added or to be added): | 15 |
Year reshoring announced: | 2023 |
Capital investment ($): | 60 |
Country(ies) from which reshored: | Japan |
City reshored to: | Franklin |
State(s) reshored to: | IN |
If relevant, work nearshored to: | - |
Industry(ies): | Electrical Equipment, Appliances & Components |
Product(s) reshored | magnet wire to be used in electric and hybrid EV |
What domestic positive factors made reshoring more attractive? | Government Incentives, Under-utilized capacity, tax abatements |
Government Incentive dollar amount: | $7.32 million over 10 years |