Atlas Copco to Invest $319 Million in New US Manufacturing Facility

SourceDow Jones Newswires from MarketWatch
Date Published11/02/2022
Author NameDominic Chopping
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Company/Division name Edwards Subsidiary
Parent companyAtlas Copco AB
Type of work Manufacturing
If manufacturing, is the company an OEM? Yes
Reshoring category:Foreign Direct Investment
Total number of jobs (added or to be added):600
Year reshoring announced:2022
Year reshoring implemented or to be implemented:2029
Capital investment ($):319
Country(ies) from which reshored:Sweden
State(s) reshored to:NY
If relevant, work nearshored to:-
Industry(ies):Computer & Electronic Products
Product(s) reshoreddry vacuum pumps for semiconductors
What domestic positive factors made reshoring more attractive?Government Incentives, Higher productivity, Lead time/Time to market
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