Global Life Sciences Company Selects Lee County for First North American Manufacturing Center of Excellence

URLhttps://www.commerce.nc.gov/news/press-releases/20
SourceNorth Carolina Department of Commerce
Date Published02/27/2024

Additional Reshoring Information:

Company/Division name Kyowa Kirin
Parent companyKirin Holdings
Type of work Manufacturing
Reshoring category:Foreign Direct Investment
Total number of jobs (added or to be added):100
Year reshoring announced:2024
Year reshoring implemented or to be implemented:2028
Capital investment ($):200
Country(ies) from which reshored:Japan
City reshored to:Sanford
State(s) reshored to:NC
If relevant, work nearshored to:-
Industry(ies):Chemicals
Product(s) reshored targeted clinical & commercial biologic therapies
What non-domestic negative factors made offshoring less attractive?Quality/rework/warranty
What domestic positive factors made reshoring more attractive?Government Incentives, Higher productivity, Image/brand, Lead time/Time to market, Manufacturing/engineering joint innovation (R&D), Proximity to customers/market, Skilled workforce availability/training, State Economic reimbursements over 12 years
Government Incentive dollar amount:$1,611,000
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