Mitsubishi Electric Power Products Inc. to Build a Manufacturing Factory in Western Pennsylvania as Part of an $86 Million Investment in Advanced Switchgear and Power Electronics in North America

URLhttps://www.morningstar.com/news/business-wire/202
SourceMorning Star
Date Published10/28/2024

Additional Reshoring Information:

Company/Division name Mitsubishi Electric Power Products
Parent companyMitsubishi Electric Corporation
Type of work Manufacturing
Reshoring category:Foreign Direct Investment
Total number of jobs (added or to be added):200
Year reshoring announced:2024
Year reshoring implemented or to be implemented:2025
Capital investment ($):86
Country(ies) from which reshored:Japan
State(s) reshored to:PA
If relevant, work nearshored to:-
Industry(ies):Transportation Equipment
Product(s) reshoredadvanced switchgear production/ power electronics
What non-domestic negative factors made offshoring less attractive?Green considerations
What domestic positive factors made reshoring more attractive?Automation/technology, Government Incentives, Impact on domestic economy, Proximity to customers/market
Government Incentive dollar amount:6.75
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