South Korea-Based Hanyang Eng USA Plans Cedar Park, Texas, Headquarters

URLhttps://www.areadevelopment.com/newsItems/10-28-20
SourceArea Development
Date Published10/28/2023

Additional Reshoring Information:

Company/Division name Hanyang Eng USA
Parent companyHanyang Eng
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:2025
Country(ies) from which reshored:Korea, South
City reshored to:Cedar Park
State(s) reshored to:TX
If relevant, work nearshored to:-
Industry(ies):Electrical Equipment, Appliances & Components
Product(s) reshoredelectronic elements
What domestic positive factors made reshoring more attractive?Eco-system synergies, Higher productivity, Infrastructure, Lead time/Time to market, Proximity to customers/market
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