Company/Division name | Fortescue Metals |
Parent company | Fortescue Metals |
Type of work | Manufacturing |
Reshoring category: | Foreign Direct Investment |
Total number of jobs (added or to be added): | 600 |
Year reshoring announced: | 2023 |
Capital investment ($): | 35 |
Country(ies) from which reshored: | Australia |
State(s) reshored to: | MI |
If relevant, work nearshored to: | - |
Industry(ies): | Electrical Equipment, Appliances & Components |
Product(s) reshored | batteries, hydrogen generators |
What non-domestic negative factors made offshoring less attractive? | Green considerations |
What domestic positive factors made reshoring more attractive? | Government Incentives, Govt. Policy and subsidies, Infrastructure, Proximity to customers/market, Skilled workforce availability/training, IRA, incentives from state and federal governments |