Project Aero: Titanium manufacturing company announces $867.8 million investment in Cumberland County

URLhttps://bizfayetteville.com/more-news/2024/8/15/pr
SourceGreater Fayetteville Business Journal
Date Published08/07/2024

Additional Reshoring Information:

Company/Division name American Titanium Metal, LLC
Type of work Manufacturing
Reshoring category:Reshoring
Total number of jobs (added or to be added):304
Year reshoring announced:2024
Domestically, the work will be done:In-house
Capital investment ($):867.8
City reshored to:Fayetteville
State(s) reshored to:NC
If relevant, work nearshored to:-
Industry(ies):Primary Metal Products (not including Foundries and Castings)
Product(s) reshoredaerospace-grade titanium
What non-domestic negative factors made offshoring less attractive?Supply chain interruption
What domestic positive factors made reshoring more attractive?Government Incentives
Government Incentive dollar amount:$8,026,000
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