Japan-Based Sumitomo Forestry America Plans Archdale, North Carolina, Manufacturing-Distribution Complex

SourceArea Development
Date Published12/08/2022
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Company/Division name Sumitomo Forestry America, Inc.
Parent companySumitomo Forestry
Type of work Manufacturing
Reshoring category:Foreign Direct Investment
Total number of jobs (added or to be added):129
Year reshoring announced:2022
Capital investment ($):19.5
Country(ies) from which reshored:Japan
City reshored to:Archdale
State(s) reshored to:NC
If relevant, work nearshored to:-
Industry(ies):Nonmetallic Mineral Products, Wood & Paper Products
Product(s) reshoredhousing and wood, roof trusses, floor trusses, and
What domestic positive factors made reshoring more attractive?Government Incentives, Infrastructure, Raw Materials Cost, Skilled workforce availability/training
Government Incentive dollar amount:$308.3 million
Find Reshoring Articles