Company/Division name | Futronic USA Inc. |
Type of work | Manufacturing |
Reshoring category: | Foreign Direct Investment |
Total number of jobs (added or to be added): | 350 |
Year reshoring announced: | 2024 |
Year reshoring implemented or to be implemented: | 2025 |
Domestically, the work will be done: | In-house |
Capital investment ($): | 28 |
Country(ies) from which reshored: | Korea, South |
City reshored to: | Buda |
State(s) reshored to: | TX |
If relevant, work nearshored to: | - |
Industry(ies): | Transportation Equipment |
Product(s) reshored | EV components |
What domestic positive factors made reshoring more attractive? | Government Incentives, Proximity to customers/market |