Austin Engineering Secures $20 Million Grant for US Manufacturing Expansion

URLhttps://www.energyportal.eu/news/austin-engineerin
SourceEnergyPortal.eu
Date Published10/03/2023
Author NameAlan Caldwell

Additional Reshoring Information:

Company/Division name Austin Engineering
Parent companyAustin Engineering
Type of work Manufacturing
Reshoring category:Foreign Direct Investment
Total number of jobs (added or to be added):50
Year reshoring announced:2023
Year reshoring implemented or to be implemented:2026
Capital investment ($):5
Country(ies) from which reshored:Australia
City reshored to:Casper
State(s) reshored to:WY
If relevant, work nearshored to:-
Industry(ies):Transportation Equipment
Product(s) reshoredcustomised mining haul truck bodies
What non-domestic negative factors made offshoring less attractive?Regulatory compliance
What domestic positive factors made reshoring more attractive?Customization/Flexibility, Government Incentives, Higher productivity, Skilled workforce availability/training, Under-utilized capacity, Wyoming grant and loan packages
Government Incentive dollar amount:$20mil
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