Soy sauce maker planning $800M expansion in Jefferson County

URLhttps://www.wpr.org/news/soy-sauce-kikkoman-expans
Sourcewpr.org
Date Published04/24/2024

Additional Reshoring Information:

Company/Division name Kikkoman Foods
Type of work Manufacturing
Reshoring category:Foreign Direct Investment
Total number of jobs (added or to be added):83
Year reshoring announced:2024
Domestically, the work will be done:In-house
Capital investment ($):800
Country(ies) from which reshored:Japan
City reshored to:Jefferson
State(s) reshored to:WI
If relevant, work nearshored to:-
Industry(ies):Food & Beverage
Product(s) reshoredsoy sauce
What domestic positive factors made reshoring more attractive?Government Incentives, Proximity to customers/market, Raw Materials Cost
Government Incentive dollar amount:$15.5M in performance-based tax credits
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