Company/Division name | BorTec USA |
Type of work | Manufacturing |
Reshoring category: | Foreign Direct Investment |
Total number of jobs (added or to be added): | 35 |
Year reshoring announced: | 2024 |
Domestically, the work will be done: | In-house |
Capital investment ($): | 3.1 |
Country(ies) from which reshored: | Germany |
City reshored to: | Johnson City |
State(s) reshored to: | TN |
If relevant, work nearshored to: | - |
Industry(ies): | Primary Metal Products (not including Foundries and Castings) |
Product(s) reshored | corrosion-resistant pipes for oil and gas |
What non-domestic negative factors made offshoring less attractive? | Tariffs |
What domestic positive factors made reshoring more attractive? | Government Incentives, Infrastructure, Skilled workforce availability/training, U.S. price of natural gas/chemicals/electricity |