A local company is investing $10 million in an East Tennessee manufacturing plant

URLhttps://www.knoxnews.com/story/money/business/2023
SourceKnox News
Date Published09/22/2023
Author NameSilas Sloan

Additional Reshoring Information:

Company/Division name DeRoyal industries
Type of work Manufacturing
Reshoring category:Reshoring
Total number of jobs (added or to be added):26
Year reshoring announced:2023
Domestically, the work will be done:In-house
Capital investment ($):10.3
City reshored to:Powell
State(s) reshored to:NC
If relevant, work nearshored to:-
Industry(ies):Medical Equipment & Supplies
Product(s) reshoredmedical isolation gowns
What domestic positive factors made reshoring more attractive?Under-utilized capacity
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