Company/Division name | Redwood Materials |
Parent company | Redwood Materials |
Type of work | Manufacturing |
Reshoring category: | Reshoring |
Year reshoring announced: | 2023 |
Year reshoring implemented or to be implemented: | 2023 |
City reshored to: | Charleston |
State(s) reshored to: | SC |
If relevant, work nearshored to: | - |
Industry(ies): | Electrical Equipment, Appliances & Components, Fabricated Metal Products, Primary Metal Products (not including Foundries and Castings) |
Product(s) reshored | recycling batteries, cathode & anode copper |
What non-domestic negative factors made offshoring less attractive? | Green considerations, Supply chain interruption |
What domestic positive factors made reshoring more attractive? | Government Incentives, Raw Materials Cost, U.S. Department of Energy loan |
Government Incentive dollar amount: | $2bil |