South Korea's LG Electronics to Build U.S. Factory in Tennessee

URLhttps://www.wsj.com/articles/south-koreas-lg-elect
SourceWall Street Journal
Date Published02/28/2017
Author NameAndrew Tangel
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

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) reshoredwashing 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
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