Hydro Aluminum investing another $85 million to expand Henderson manufacturing operations

URLhttps://www.lanereport.com/174004/2024/05/hydro-al
Source
Date Published05/30/2024

Additional Reshoring Information:

Company/Division name Hydro Aluminum Metal
Parent companyHydro Aluminum Metals USA LLC
Type of work Manufacturing
Reshoring category:Foreign Direct Investment
Total number of jobs (added or to be added):31
Year reshoring announced:2024
Year reshoring implemented or to be implemented:2026
Capital investment ($):85
Country(ies) from which reshored:Norway
City reshored to:Henderson
State(s) reshored to:KY
If relevant, work nearshored to:-
Industry(ies):Fabricated Metal Products
Product(s) reshoredrecycled aluminum products
What non-domestic negative factors made offshoring less attractive?Green considerations, Quality/rework/warranty
What domestic positive factors made reshoring more attractive?Higher productivity
Find Reshoring Articles