Plastic Omnium Plans Grand Blanc Township, Michigan, Hydrogen Storage Facility

URLhttps://www.areadevelopment.com/newsItems/8-24-202
SourceArea Development
Date Published08/24/2023

Additional Reshoring Information:

Company/Division name Plastic Omnium Americas
Parent companyBurelle
Type of work Manufacturing
Reshoring category:Foreign Direct Investment
Total number of jobs (added or to be added):175
Year reshoring announced:2023
Capital investment ($):171.2
Country(ies) from which reshored:France
City reshored to:Grand Blanc Township
State(s) reshored to:MI
If relevant, work nearshored to:-
Industry(ies):Fabricated Metal Products
Product(s) reshoredhydrogen storage
What non-domestic negative factors made offshoring less attractive?Green considerations
What domestic positive factors made reshoring more attractive?Eco-system synergies, Government Incentives, Infrastructure, Proximity to customers/market, Skilled workforce availability/training, MI Biz Dev grant & 5-year State Essential Services
Government Incentive dollar amount:$5mil & $2,379,054
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