Advanced Materials Manufacturer to Expand in Virginia

URLhttps://www.governor.virginia.gov/newsroom/news-re
SourceGovernor of Virginia
Date Published09/13/2023

Additional Reshoring Information:

Company/Division name Hermes Abrasives USA
Parent companyHermes Schleifmittel GmbH
Type of work Manufacturing
Reshoring category:Foreign Direct Investment
Total number of jobs (added or to be added):30
Year reshoring announced:2023
Capital investment ($):5.6
Country(ies) from which reshored:Germany
City reshored to:Virginia Beach
State(s) reshored to:VA
If relevant, work nearshored to:-
Industry(ies):Nonmetallic Mineral Products
What domestic positive factors made reshoring more attractive?Government Incentives, Infrastructure, Skilled workforce availability/training
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