Company/Division name | Revex Technologies Inc. |
Type of work | Manufacturing |
Reshoring category: | Reshoring |
Year reshoring announced: | 2024 |
Domestically, the work will be done: | In-house |
Capital investment ($): | 145 |
City reshored to: | Upper Peninsula |
State(s) reshored to: | MI |
If relevant, work nearshored to: | - |
Industry(ies): | Castings/Foundries - Subset of Primary Metal Products, Electrical Equipment, Appliances & Components, Primary Metal Products (not including Foundries and Castings) |
Product(s) reshored | nickel for batteries |
What non-domestic negative factors made offshoring less attractive? | Supply chain interruption |
What domestic positive factors made reshoring more attractive? | Government Incentives, Skilled workforce availability/training |
Government Incentive dollar amount: | $145 million |