Voltek announces $39M second plant in Coldwater to make more foam products

SourceThe Daily Reporter
Date Published10/05/2022
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Company/Division name Sekisui Voltek LLC
Parent companySekisui Chemical
Type of work Manufacturing
Reshoring category:Foreign Direct Investment
Total number of jobs (added or to be added):20
Year reshoring announced:2022
Year reshoring implemented or to be implemented:2023
Capital investment ($):39
City reshored to:Coldwater
State(s) reshored to:MI
If relevant, work nearshored to:-
Industry(ies):Chemicals, Plastic & Rubber Products
Product(s) reshoredpolyolefin foams
What non-domestic negative factors made offshoring less attractive?Supply chain interruption risk/Natural disaster risk/Political instability
What domestic positive factors made reshoring more attractive?Government Incentives, Lead time/Time to market, Proximity to customers/market, Under-utilized capacity, Other, COVID-19
Government Incentive dollar amount:12-year property tax abatement from the city
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