Company/Division name | LT Precision Co. Ltd. |
Type of work | Manufacturing |
Reshoring category: | Foreign Direct Investment |
Total number of jobs (added or to be added): | 70 |
Year reshoring announced: | 2024 |
Domestically, the work will be done: | In-house |
Capital investment ($): | 43.2 |
Country(ies) from which reshored: | Korea, South |
City reshored to: | Holland |
State(s) reshored to: | MI |
If relevant, work nearshored to: | - |
Industry(ies): | Electrical Equipment, Appliances & Components, Transportation Equipment |
Product(s) reshored | battery cooling plates for EVs |
What domestic positive factors made reshoring more attractive? | Government Incentives |
Government Incentive dollar amount: | $700,000 |