Company/Division name | Vastly |
Type of work | Manufacturing |
Reshoring category: | Foreign Direct Investment |
Total number of jobs (added or to be added): | 2000 |
What product(s) and/or service(s) were outsourced domestically? | Manufacturing |
Year reshoring announced: | 2014 |
Year reshoring implemented or to be implemented: | 2020 |
Offshore, work was done: | In-house |
Domestically, the work will be done: | In-house |
Capital investment ($): | 2000 |
Country(ies) from which reshored: | China |
City reshored to: | Chesterfield |
State(s) reshored to: | VA |
If relevant, work nearshored to: | - |
Industry(ies): | Wood & Paper Products |
Product(s) reshored | paper |
What domestic positive factors made reshoring more attractive? | Government Incentives |