Continental Expands Manufacturing Footprint with More Than $40 Million Investment in North Carolina

URLhttp://wardsauto.com/%5Bprimary-term%5D/continenta
Sourceprnewswire.com
Date Published04/18/2017
Author NameN/A
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Company/Division name Continental AG
Type of work Manufacturing
Reshoring category:Foreign Direct Investment
Total number of jobs (added or to be added):560
What product(s) and/or service(s) were outsourced domestically?Manufacturing
Year reshoring announced:2017
Year reshoring implemented or to be implemented:2018
Offshore, work was done:In-house
Domestically, the work will be done:In-house
Capital investment ($):40
Country(ies) from which reshored:Germany
City reshored to:Morganton
State(s) reshored to:NC
If relevant, work nearshored to:-
Industry(ies):Plastic & Rubber Products
Product(s) reshoredTires
What domestic positive factors made reshoring more attractive?Skilled workforce availability/training
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