Company/Division name | Cyclic Materials |
Parent company | Cyclic Materials |
Type of work | Manufacturing |
Reshoring category: | Foreign Direct Investment |
Total number of jobs (added or to be added): | 30 |
Year reshoring announced: | 2025 |
Year reshoring implemented or to be implemented: | 2026 |
Capital investment ($): | 20 |
Country(ies) from which reshored: | Canada |
City reshored to: | Mesa |
State(s) reshored to: | AZ |
If relevant, work nearshored to: | - |
Industry(ies): | Chemicals |
Product(s) reshored | recycling rare earths |
What non-domestic negative factors made offshoring less attractive? | Green considerations, Supply chain interruption |
What domestic positive factors made reshoring more attractive? | Eco-system synergies, Infrastructure, Proximity to customers/market, Raw Materials Cost, Skilled workforce availability/training |