Company/Division name | Prysmian Group |
Parent company | Prysmian Group |
Reshoring category: | Foreign Direct Investment |
Year reshoring announced: | 2023 |
Capital investment ($): | 30 |
Country(ies) from which reshored: | Italy |
City reshored to: | Jackson |
State(s) reshored to: | TN |
If relevant, work nearshored to: | - |
Industry(ies): | Chemicals |
Product(s) reshored | state-of-the-art fiber optic cable |
What domestic positive factors made reshoring more attractive? | Govt. Policy and subsidies, Higher productivity, Image/brand, Proximity to customers/market, Skilled workforce availability/training, Under-utilized capacity, Internet for All initiative |