Calumet Electronics And Schmid Group Collaborate To Establish First-Ever US Advanced Substrate Facility

URLhttps://markets.ft.com/data/announce/detail?dockey
SourceFinancial Times
Date Published02/20/2024

Additional Reshoring Information:

Company/Division name Calumet Electronics with Schmid Group
Parent companyCalumet Electronics with Schmid Group
Type of work Manufacturing
If manufacturing, is the company a contract manufacturer?Yes
Reshoring category:Reshoring
Year reshoring announced:2024
Capital investment ($):50
Country(ies) from which reshored:Germany,United States
City reshored to:Calumet
State(s) reshored to:MI
If relevant, work nearshored to:-
Industry(ies):Computer & Electronic Products
Product(s) reshoredadvanced packaging substrates
What non-domestic negative factors made offshoring less attractive?Supply chain interruption
What domestic positive factors made reshoring more attractive?Government Incentives, Impact on domestic economy, Lead time/Time to market, Manufacturing/engineering joint innovation (R&D), Proximity to customers/market, DOD Grant
Government Incentive dollar amount:$39.9mil
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