Sweden-Based Drake Extrusion Expands Henry County, Virginia, Manufacturing Campus

URLhttp://www.areadevelopment.com/newsitems/4-7-2016/
SourceArea Development
Date Published04/07/2016
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Company/Division name Drake Extrusion Inc.
Parent companyInternational 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) reshoredColored 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
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