Company/Division name | Hermes Abrasives USA |
Parent company | Hermes 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 |