ICYMI: Governor Spanberger Announces Nearly $30 Million in New Business Investment in Virginia

URLhttps://www.governor.virginia.gov/newsroom/news-re
Sourcegovernor.virginia.gov
Date Published03/06/2026

Additional Reshoring Information:

Company/Division name Fukoku Korea Co. Ltd
Parent companyFukoku Co., Ltd.
Type of work Manufacturing
Reshoring category:Foreign Direct Investment
Total number of jobs (added or to be added):60
Year reshoring announced:2026
Domestically, the work will be done:In-house
Capital investment ($):18.9
Country(ies) from which reshored:Japan,Korea, South
City reshored to:Martinsville
State(s) reshored to:VA
If relevant, work nearshored to:-
Industry(ies):Plastic & Rubber Products, Transportation Equipment
Product(s) reshoredrubber damper pulleys for auto engines
What domestic positive factors made reshoring more attractive?Government Incentives, Proximity to customers/market, Skilled workforce availability/training, Under-utilized capacity
Government Incentive dollar amount:$500,000
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