New manufacturing facility bringing jobs, investment to Sumter

URLhttps://www.wltx.com/article/news/local/street-squ
SourceNews 19
Date Published12/13/2023
Author NameSam Perez

Additional Reshoring Information:

Company/Division name eVAC
Parent companyVacuumschmelze
Type of work Manufacturing
Reshoring category:Foreign Direct Investment
Total number of jobs (added or to be added):300
Year reshoring announced:2023
Year reshoring implemented or to be implemented:2025
Capital investment ($):500
Country(ies) from which reshored:Germany
City reshored to:Sumter County
State(s) reshored to:SC
If relevant, work nearshored to:-
Industry(ies):Castings/Foundries - Subset of Primary Metal Products, Primary Metal Products (not including Foundries and Castings)
Product(s) reshoredmagnet used in electric vehicle motors,
What domestic positive factors made reshoring more attractive?Government Incentives, Skilled workforce availability/training
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