Company/Division name | Drake Extrusion Inc. |
Parent company | International Fibres Group |
Type of work | Manufacturing |
If manufacturing, is the company an OEM? | Yes |
Reshoring category: | Transplant |
Total number of jobs (added or to be added): | 30 |
Year reshoring announced: | 2016 |
Domestically, the work will be done: | In-house |
Capital investment ($): | 6 |
Country(ies) from which reshored: | Sweden |
City reshored to: | Henry County |
State(s) reshored to: | VA |
If relevant, work nearshored to: | - |
Industry(ies): | Plastic & Rubber Products |
Product(s) reshored | Colored Staple and Filament Polypropylene Fiber |
What domestic positive factors made reshoring more attractive? | Government Incentives, Proximity to customers/market |
Government Incentive dollar amount: | 100,000 |