Mitsubishi Electric to repurpose Kentucky plant for heat pump production

URLhttps://www.manufacturingdive.com/news/mitsubishi-
SourceManufacturing Dive
Date Published08/12/2024

Additional Reshoring Information:

Company/Division name Mitsubishi Electric
Type of work Manufacturing
Reshoring category:Reshoring
Total number of jobs (added or to be added):122
Year reshoring announced:2024
Domestically, the work will be done:In-house
Capital investment ($):143.5
City reshored to:Marysville
State(s) reshored to:KY
If relevant, work nearshored to:-
Industry(ies):Machinery
Product(s) reshoredheat pumps
What domestic positive factors made reshoring more attractive?Government Incentives, Govt. Policy and subsidies, Skilled workforce availability/training, Under-utilized capacity
Government Incentive dollar amount:$50 million grant from DoE
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