Welspun Approves $100 Million Investment To Enhance US Pipe Manufacturing Capabilities

URLhttps://www.ndtvprofit.com/markets/welspun-approve
Sourcendtvprofit.com
Date Published09/02/2024

Additional Reshoring Information:

Company/Division name Welspun Corp.
Type of work Manufacturing
Reshoring category:Foreign Direct Investment
Year reshoring announced:2024
Domestically, the work will be done:In-house
Capital investment ($):100
Country(ies) from which reshored:India
City reshored to:Little Rock
State(s) reshored to:AR
If relevant, work nearshored to:-
Industry(ies):Castings/Foundries - Subset of Primary Metal Products, Primary Metal Products (not including Foundries and Castings)
Product(s) reshoredpipes for oil and gas industry
What domestic positive factors made reshoring more attractive?Proximity to customers/market
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