Four Manufacturers Invest Nearly $1.04B To Grow In North Carolina

URLhttps://businessfacilities.com/four-manufacturers-
SourceBusiness Facilities
Date Published12/09/2024

Additional Reshoring Information:

Company/Division name NexGen Cabinets Inc.
Parent companyHonsoar International Ltd
Type of work Manufacturing
Reshoring category:Foreign Direct Investment
Total number of jobs (added or to be added):42
Year reshoring announced:2024
Domestically, the work will be done:In-house
Capital investment ($):6.7
Country(ies) from which reshored:China
City reshored to:Wallace
State(s) reshored to:NC
If relevant, work nearshored to:-
Industry(ies):Wood & Paper Products
Product(s) reshoredcabinetry
What domestic positive factors made reshoring more attractive?Government Incentives, Impact on domestic economy, Skilled workforce availability/training
Government Incentive dollar amount:$125,000
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