Global company to invest in Williamsport manufacturing

URLhttps://www.northcentralpa.com/business/global-com
SourceNorthcentralPA.com
Date Published05/07/2023
Author NameChris Benson

Additional Reshoring Information:

Company/Division name Chance Aluminum Corp
Parent companyAA Metals, Inc.
Type of work Manufacturing
Reshoring category:Reshoring
Total number of jobs (added or to be added):113
Year reshoring announced:2023
Capital investment ($):7.5
City reshored to:Williamsport
State(s) reshored to:PA
If relevant, work nearshored to:-
Industry(ies):Primary Metal Products (not including Foundries and Castings)
Product(s) reshoredaluminum coils and foils
What non-domestic negative factors made offshoring less attractive?Supply chain interruption
What domestic positive factors made reshoring more attractive?Government Incentives, Image/brand, Proximity to customers/market, Skilled workforce availability/training, Under-utilized capacity, Pennsylvania Industrial Development Authority loan
Government Incentive dollar amount:$3mil at 2.5% rate over 10 years
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