Automotive Supplier Invests $11.2M in New Georgia Facility

URLhttps://www.manufacturing.net/automotive/news/2292
SourceManufacturing Net
Date Published09/26/2024

Additional Reshoring Information:

Company/Division name Shinsung Petrochemical
Parent companyShinsung Petrochemical
Type of work Manufacturing
Reshoring category:Foreign Direct Investment
Total number of jobs (added or to be added):30
Year reshoring announced:2024
Year reshoring implemented or to be implemented:2025
Capital investment ($):11.2
Country(ies) from which reshored:Korea, South
City reshored to:Toombs County
State(s) reshored to:GA
If relevant, work nearshored to:-
Industry(ies):Transportation Equipment
Product(s) reshoredAutomotive Sealant
What domestic positive factors made reshoring more attractive?Eco-system synergies, Impact on domestic economy
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