Company/Division name | Prysmian Group |
Parent company | Prysmian Group |
Type of work | Manufacturing |
Reshoring category: | Foreign Direct Investment |
Total number of jobs (added or to be added): | 80 |
Year reshoring announced: | 2023 |
Capital investment ($): | 64 |
Country(ies) from which reshored: | Italy |
City reshored to: | Du Quoin |
State(s) reshored to: | IL |
If relevant, work nearshored to: | - |
Industry(ies): | Electrical Equipment, Appliances & Components |
Product(s) reshored | cable manuf. for energy storage, eco & EV tech |
What non-domestic negative factors made offshoring less attractive? | Green considerations |
What domestic positive factors made reshoring more attractive? | Government Incentives, Labor concessions, Reimagining Energy and Vehicles Act tax credits |
Government Incentive dollar amount: | $17.7mil |