Kronospan plans $350 million Alabama expansion for OSB production

URLhttps://yellowhammernews.com/kronospan-plans-350-m
SourceYellow Hammer
Date Published05/28/2023
Author NameJerry Underwood

Additional Reshoring Information:

Company/Division name Kronospan
Parent companyKronospan
Type of work Manufacturing
Reshoring category:Foreign Direct Investment
Total number of jobs (added or to be added):125
Year reshoring announced:2023
Year reshoring implemented or to be implemented:2023
Capital investment ($):350
Country(ies) from which reshored:Australia
City reshored to:Oxford
State(s) reshored to:AL
If relevant, work nearshored to:-
Industry(ies):Wood & Paper Products
Product(s) reshoredOriented Strand Board (OSB)
What non-domestic negative factors made offshoring less attractive?Green considerations
What domestic positive factors made reshoring more attractive?Eco-system synergies, Higher productivity, Infrastructure, Proximity to customers/market
Find Reshoring Articles