Company/Division name | Pending Tariffs-Siemens Energy |
Parent company | Siemens AG |
Type of work | Manufacturing |
Reshoring category: | Foreign Direct Investment |
Year reshoring announced: | 2025 |
Year reshoring implemented or to be implemented: | 2027 |
Country(ies) from which reshored: | Germany |
City reshored to: | Charlotte |
State(s) reshored to: | NC |
If relevant, work nearshored to: | - |
Industry(ies): | Electrical Equipment, Appliances & Components |
Product(s) reshored | Large Power Transformers |
What non-domestic negative factors made offshoring less attractive? | Tariffs, Total cost |
What domestic positive factors made reshoring more attractive? | Proximity to customers/market |