New Fiber Manufacturing Plant Set to Open in TN, Supported by Retraining Program

Date Published07/03/2023
Author NamePhil Britt

Additional Reshoring Information:

Company/Division name Prysmian Group
Parent companyPrysmian 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:-
Product(s) reshoredstate-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
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