Company/Division name | Ascend Elements |
Parent company | Ascend Elements |
Type of work | Manufacturing |
Reshoring category: | Reshoring |
Year reshoring announced: | 2023 |
Capital investment ($): | 1000 |
City reshored to: | Hopkinsville |
State(s) reshored to: | KY |
If relevant, work nearshored to: | - |
Industry(ies): | Electrical Equipment, Appliances & Components |
Product(s) reshored | Hydro-to-Cathode to produce NMC pCAM |
What non-domestic negative factors made offshoring less attractive? | Green considerations, Supply chain interruption |
What domestic positive factors made reshoring more attractive? | Government Incentives, grants totaling $480 million |