Company/Division name | LG Electronics |
Type of work | Manufacturing |
Reshoring category: | Foreign Direct Investment |
Total number of jobs (added or to be added): | 600 |
Year reshoring announced: | 2017 |
Year reshoring implemented or to be implemented: | 2019 |
Domestically, the work will be done: | In-house |
Country(ies) from which reshored: | Korea, Democratic People's Republic of |
City reshored to: | Clarksville |
State(s) reshored to: | TN |
If relevant, work nearshored to: | - |
Industry(ies): | Electrical Equipment, Appliances & Components |
Product(s) reshored | washing machines |
What non-domestic negative factors made offshoring less attractive? | Freight cost, Supply chain interruption risk/Natural disaster risk/Political instability , Tariffs, Total cost |
What domestic positive factors made reshoring more attractive? | Government Incentives, Lead time/Time to market, Proximity to customers/market |
Government Incentive dollar amount: | $20 million |