Wieland North America to Invest $500 Million to Modernize East Alton Facility

URLhttps://www.illinois.gov/news/press-release.29518.
SourceIllinois.gov
Date Published01/17/2024

Additional Reshoring Information:

Company/Division name Wieland Rolled Products North America
Parent companyWieland
Type of work Manufacturing
Reshoring category:Foreign Direct Investment
Total number of jobs (added or to be added):800
Year reshoring announced:2024
Capital investment ($):500
Country(ies) from which reshored:Germany
City reshored to:East Alton
State(s) reshored to:IL
If relevant, work nearshored to:-
Industry(ies):Primary Metal Products (not including Foundries and Castings)
Product(s) reshoredCopper production
What domestic positive factors made reshoring more attractive?Better Control of Process/Delivery/Factory, Government Incentives, Higher productivity, Image/brand, Proximity to customers/market, Raw Materials Cost, Skilled workforce availability/training, State of Illinois incentives and tax benefits
Government Incentive dollar amount:$231 mil and $172 mil, respectively
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