Indian company to build first US plant in NC; facility to cost $650M to build

URLhttps://www.cbs17.com/news/north-carolina-news/ind
Sourcecbs17.com
Date Published10/26/2023

Additional Reshoring Information:

Company/Division name Epsilon Advanced Materials
Type of work Manufacturing
Reshoring category:Foreign Direct Investment
Total number of jobs (added or to be added):500
Year reshoring announced:2024
Domestically, the work will be done:In-house
Capital investment ($):650
Country(ies) from which reshored:India
City reshored to:Bolivia
State(s) reshored to:NC
If relevant, work nearshored to:-
Industry(ies):Electrical Equipment, Appliances & Components, Nonmetallic Mineral Products
Product(s) reshoredgraphite anode battery materials
What domestic positive factors made reshoring more attractive?Proximity to customers/market, Skilled workforce availability/training
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