Company/Division name | Samkwang USA |
Parent company | Samkwang Co., Ltd. |
Type of work | Manufacturing |
Reshoring category: | Foreign Direct Investment |
Total number of jobs (added or to be added): | 100 |
Year reshoring announced: | 2025 |
Year reshoring implemented or to be implemented: | 2030 |
Capital investment ($): | 34.9 |
Country(ies) from which reshored: | Korea, South |
City reshored to: | Tuskegee |
State(s) reshored to: | AL |
If relevant, work nearshored to: | - |
Industry(ies): | Plastic & Rubber Products |
Product(s) reshored | injection, paint, and assembly-based components |
What domestic positive factors made reshoring more attractive? | Eco-system synergies, Manufacturing/engineering joint innovation (R&D), Proximity to customers/market |