Company/Division name | TMC Transformers USA Inc. (TMC) |
Parent company | TMC Transformers |
Type of work | Manufacturing |
Reshoring category: | Foreign Direct Investment |
Total number of jobs (added or to be added): | 110 |
Year reshoring announced: | 2024 |
Year reshoring implemented or to be implemented: | 2029 |
Capital investment ($): | 15.3 |
Country(ies) from which reshored: | Italy |
City reshored to: | Waynesboro |
State(s) reshored to: | GA |
If relevant, work nearshored to: | - |
Industry(ies): | Electrical Equipment, Appliances & Components |
Product(s) reshored | lw voltage dry-type cast resin and VPI transformer |
What domestic positive factors made reshoring more attractive? | Government Incentives, Impact on domestic economy, Proximity to customers/market |