Company/Division name | ABB |
Parent company | ABB Group |
Type of work | Manufacturing |
Reshoring category: | Foreign Direct Investment |
Total number of jobs (added or to be added): | 100 |
Capital investment ($): | 6 |
Country(ies) from which reshored: | Sweden,Switzerland |
City reshored to: | Mechanicsville |
State(s) reshored to: | VA |
If relevant, work nearshored to: | - |
Industry(ies): | Transportation Equipment |
Product(s) reshored | converters & batteries for railway, bus, mining eq |
What non-domestic negative factors made offshoring less attractive? | Green considerations |
What domestic positive factors made reshoring more attractive? | Eco-system synergies, Govt. Policy and subsidies, Higher productivity, Infrastructure, Lead time/Time to market, Proximity to customers/market, IRA |