Company/Division name | Hydro Aluminum Metal |
Parent company | Hydro 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) reshored | recycled 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 |