Company/Division name | eVAC |
Parent company | Vacuumschmelze |
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) reshored | magnet used in electric vehicle motors, |
What domestic positive factors made reshoring more attractive? | Government Incentives, Skilled workforce availability/training |