US Nearshoring Wave Grows as Mexico Exports Jump Close to Record

Date Published06/28/2023
Author NameMaya Averbuch

Additional Reshoring Information:

Company/Division name Ternium Mexico SA de CV
Parent companyTernium
Type of work Manufacturing
Reshoring category:Nearshoring
Year reshoring announced:2023
Capital investment ($):3200
Country(ies) from which reshored:Luxembourg
City reshored to:Nuevo Leon
State(s) reshored to:Mexico
If relevant, work nearshored to:-
Industry(ies):Castings/Foundries - Subset of Primary Metal Products, Primary Metal Products (not including Foundries and Castings)
Product(s) reshoredsteel slab
What non-domestic negative factors made offshoring less attractive?Price, Total cost
What domestic positive factors made reshoring more attractive?Skilled workforce availability/training
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