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) reshored | washing 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 |