New Balance plans 120,000-square-foot manufacturing facility in Londonderry

URLhttps://www.nhbr.com/new-balance-seeks-to-build-12
SourceNH Business Review
Date Published06/07/2023

Additional Reshoring Information:

Company/Division name New Balance
Type of work Manufacturing
Reshoring category:Reshoring
Year reshoring announced:2023
Year reshoring implemented or to be implemented:2024
Domestically, the work will be done:In-house
Capital investment ($):65
City reshored to:Skowhegan
State(s) reshored to:ME
If relevant, work nearshored to:-
Industry(ies):Apparel & Textiles
Product(s) reshoredshoes
What non-domestic negative factors made offshoring less attractive?Supply chain interruption
What domestic positive factors made reshoring more attractive?Automation/technology, Higher productivity, Image/brand
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