Company/Division name | HSP US LLC |
Parent company | German-based Trench Group GmbH |
Type of work | Manufacturing |
Reshoring category: | Foreign Direct Investment |
Total number of jobs (added or to be added): | 74 |
Year reshoring announced: | 2025 |
Capital investment ($): | 50 |
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 | high voltage power transformers |
What domestic positive factors made reshoring more attractive? | Government Incentives |