Germany-based KSM Castings USA Plans $80 Million Expansion At Shelby, North Carolina, Manufacturing Plant

URLhttp://www.areadevelopment.com/newsItems/3-10-2016
SourceArea Development
Date Published03/10/2016
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Company/Division name KSM Castings USA
Type of work Manufacturing
If manufacturing, is the company an OEM? Yes
Reshoring category:Transplant
Total number of jobs (added or to be added):80
Year reshoring announced:2016
Domestically, the work will be done:In-house
Capital investment ($):80
Country(ies) from which reshored:Germany
City reshored to:Shelby
State(s) reshored to:NC
If relevant, work nearshored to:-
Industry(ies):Transportation Equipment
Product(s) reshoredLightweight Automotive Components
What domestic positive factors made reshoring more attractive?Government Incentives, Proximity to customers/market
Government Incentive dollar amount:320,000
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