Company/Division name | HyProMag USA |
Type of work | Manufacturing |
Reshoring category: | Foreign Direct Investment |
Year reshoring announced: | 2024 |
Domestically, the work will be done: | In-house |
Country(ies) from which reshored: | United Kingdom |
City reshored to: | Dallas |
State(s) reshored to: | TX |
If relevant, work nearshored to: | - |
Industry(ies): | Primary Metal Products (not including Foundries and Castings) |
Product(s) reshored | rare earth magnets |
What domestic positive factors made reshoring more attractive? | Infrastructure, Proximity to customers/market, Raw Materials Cost |