ABB invests $6 million in new Virginia manufacturing facility

Date Published06/19/2023

Additional Reshoring Information:

Company/Division name ABB
Parent companyABB 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) reshoredconverters & 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
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