MetOx receives $80M to build HTS wire manufacturing plant in the southeastern U.S.

URLhttps://www.plantservices.com/industry-news/news/5
SourcePlant Services
Date Published11/11/2024

Additional Reshoring Information:

Company/Division name MetOx
Type of work Manufacturing
Reshoring category:Reshoring
Total number of jobs (added or to be added):200
Year reshoring announced:2024
Domestically, the work will be done:In-house
Capital investment ($):80
If relevant, work nearshored to:-
Industry(ies):Primary Metal Products (not including Foundries and Castings)
Product(s) reshoredhigh-temperature superconducting (HTS) wire
What domestic positive factors made reshoring more attractive?Government Incentives, Govt. Policy and subsidies
Government Incentive dollar amount:$80 million DoE
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