Company/Division name | Velta LLC |
Parent company | Velta Holding U.S. Inc. |
Reshoring category: | Foreign Direct Investment |
Total number of jobs (added or to be added): | 230 |
Year reshoring announced: | 2024 |
Year reshoring implemented or to be implemented: | 2025 |
Country(ies) from which reshored: | Ukraine |
If relevant, work nearshored to: | - |
Industry(ies): | Castings/Foundries - Subset of Primary Metal Products, Primary Metal Products (not including Foundries and Castings) |
Product(s) reshored | titanium powder and alloys |
What non-domestic negative factors made offshoring less attractive? | Supply chain interruption |
What domestic positive factors made reshoring more attractive? | Eco-system synergies, Government Incentives, Impact on domestic economy |
Government Incentive dollar amount: | 60,000,000 |