LeMond Composites Expands Manufacturing Hub In Oak Ridge, Tennessee

URLhttp://www.areadevelopment.com/newsItems/10-13-201
SourceArea Development
Date Published10/13/2016
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Company/Division name LeMond Composites
Type of work Manufacturing
If manufacturing, is the company an OEM? Yes
Reshoring category:Kept from Offshoring
Total number of jobs (added or to be added):242
Year reshoring announced:2016
Domestically, the work will be done:In-house
Capital investment ($):125
City reshored to:Oakridge
State(s) reshored to:TN
If relevant, work nearshored to:-
Industry(ies):Electrical Equipment, Appliances & Components
Product(s) reshoredLow-Cost Carbon Fiber Composites
What domestic positive factors made reshoring more attractive?Infrastructure, Proximity to customers/market, Skilled workforce availability/training
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