Almvoy, a Canadian steel fabrication business, is moving into former Otis Elevator plant

URLhttps://www.heraldtimesonline.com/story/business/m
SourceThe Herald Times
Date Published06/16/2025
Author NameLaura Lane

Additional Reshoring Information:

Company/Division name Almvoy
Type of work Manufacturing
Reshoring category:Foreign Direct Investment
Total number of jobs (added or to be added):100
Year reshoring announced:2025
Domestically, the work will be done:In-house
Country(ies) from which reshored:Canada
City reshored to:Bloomington
State(s) reshored to:IN
If relevant, work nearshored to:-
Industry(ies):Fabricated Metal Products
Product(s) reshoredsteel parts for telecommunications
What domestic positive factors made reshoring more attractive?Government Incentives, Proximity to customers/market, Skilled workforce availability/training, Under-utilized capacity
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