LG to invest $250 million, bring 600 jobs to Clarksville

URLhttp://www.theleafchronicle.com/story/news/local/c
SourceThe Leaf-Chronicle
Date Published02/28/2017
Author NameJimmy Settle
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
Domestically, the work will be done:In-house
Capital investment ($):250
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?Supply chain interruption risk/Natural disaster risk/Political instability
What domestic positive factors made reshoring more attractive?Eco-system synergies, Government Incentives, Infrastructure (transport, internet, power), supply chain advantages
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