Company/Division name | Hanwha Philly Shipyard |
Parent company | Hanwha Philly Shipyard |
Type of work | Manufacturing |
Reshoring category: | Foreign Direct Investment |
Year reshoring announced: | 2025 |
Capital investment ($): | 5000 |
Country(ies) from which reshored: | Korea, South |
City reshored to: | Philadelphia |
State(s) reshored to: | PA |
If relevant, work nearshored to: | - |
Industry(ies): | Transportation Equipment |
Product(s) reshored | ship building |
What domestic positive factors made reshoring more attractive? | Manufacturing/engineering joint innovation (R&D), Proximity to customers/market, Under-utilized capacity |