Vecima’s First U.S.-Made Fiber Products Roll Off Production Line at MARA Technologies USA, Supporting Buy America Requirements

URLhttps://finance.yahoo.com/news/vecima-first-u-made
SourceYahoo Finance
Date Published08/28/2024

Additional Reshoring Information:

Company/Division name Vecima Networks Inc.
Parent companyMARA Technologies USA, Inc.
Type of work Manufacturing
Reshoring category:Foreign Direct Investment
Total number of jobs (added or to be added):100
Year reshoring announced:2024
Domestically, the work will be done:Outsourced
Country(ies) from which reshored:Canada
City reshored to:Holly
State(s) reshored to:MI
If relevant, work nearshored to:-
Industry(ies):Electrical Equipment, Appliances & Components
Product(s) reshoredfiber optic products
What domestic positive factors made reshoring more attractive?Govt. Policy and subsidies, Proximity to customers/market
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