Swiss Manufacturer ro Invest $62M in First US Hub

URLhttps://www.cpexecutive.com/post/swiss-manufacture
Sourcecpexecutive.com
Date Published02/07/2017
Author NameLaura Calugar
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Company/Division name Oerlikon Group
Type of work Manufacturing
Reshoring category:Foreign Direct Investment
Total number of jobs (added or to be added):93
Year reshoring announced:2017
Year reshoring implemented or to be implemented:2022
Domestically, the work will be done:In-house
Capital investment ($):62
Country(ies) from which reshored:Switzerland
City reshored to:Huntersville
State(s) reshored to:NC
If relevant, work nearshored to:-
Industry(ies):Electrical Equipment, Appliances & Components
Product(s) reshoredAdvanced Component Manufacturing
What domestic positive factors made reshoring more attractive?Government Incentives
Government Incentive dollar amount:$1,000,000
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