South Korea-based LS Cable & System Plans Chesapeake, Virginia, Manufacturing Operations

URLhttps://www.areadevelopment.com/newsItems/7-15-202
Sourcearea development
Date Published07/15/2024

Additional Reshoring Information:

Company/Division name LS Cable & System
Type of work Manufacturing
Reshoring category:Foreign Direct Investment
Total number of jobs (added or to be added):330
Year reshoring announced:2024
Domestically, the work will be done:In-house
Capital investment ($):681
Country(ies) from which reshored:Korea, South
City reshored to:Chesapeake
State(s) reshored to:VA
If relevant, work nearshored to:-
Industry(ies):Electrical Equipment, Appliances & Components
Product(s) reshoredsubmarine cables
What domestic positive factors made reshoring more attractive?Government Incentives
Government Incentive dollar amount:$13.2 million grant
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