Wieland Claims More Land

URLhttps://siteselection.com/issues/2024/mar/2024-mar
SourceSite Selection Magazine
Date Published03/01/2024

Additional Reshoring Information:

Company/Division name Wieland Rolled Products North America
Parent companyWieland Group
Type of work Manufacturing
Reshoring category:Foreign Direct Investment
Year reshoring announced:2024
Domestically, the work will be done:In-house
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 and copper alloy components used for EVs
What domestic positive factors made reshoring more attractive?Government Incentives, Under-utilized capacity
Government Incentive dollar amount:$231 million from state incentives
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