Company/Division name | LG Business Solutions USA |
Parent company | LG Corp |
Type of work | Manufacturing |
Reshoring category: | Foreign Direct Investment |
Year reshoring announced: | 2024 |
Year reshoring implemented or to be implemented: | 2024 |
Country(ies) from which reshored: | Korea, South |
City reshored to: | Fort Worth |
State(s) reshored to: | TX |
If relevant, work nearshored to: | - |
Industry(ies): | Computer & Electronic Products |
Product(s) reshored | Level 2 and Level 3 EV chargers |
What non-domestic negative factors made offshoring less attractive? | Quality/rework/warranty |
What domestic positive factors made reshoring more attractive? | Image/brand, Proximity to customers/market, Skilled workforce availability/training |