Siemens Invests $300M In Massachusetts Manufacturing Facility, Broadens Footprint In U.S.

URLhttp://www.meddeviceonline.com/doc/siemens-invests
SourceMed Device Online
Date Published12/15/2016
Author NameSuzanne Hodsden
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Company/Division name Siemens Healthineers
Type of work Manufacturing
If manufacturing, is the company an OEM? Yes
Reshoring category:Transplant
Total number of jobs (added or to be added):400
What product(s) and/or service(s) were outsourced domestically?Manufacturing
Year reshoring announced:2016
Year reshoring implemented or to be implemented:2026
Offshore, work was done:In-house
Domestically, the work will be done:In-house
Capital investment ($):300
Country(ies) from which reshored:Germany
City reshored to:Walpole
State(s) reshored to:MA
If relevant, work nearshored to:-
Industry(ies):Medical Equipment & Supplies
Product(s) reshoredimmunoassay instruments
What domestic positive factors made reshoring more attractive?Government Incentives, Impact on domestic economy
Government Incentive dollar amount:4.2 million
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