CEO changes at Chinese company that is planning $2 billion paper plant in Chesterfield

URLhttp://www.richmond.com/business/local/ceo-changes
Sourcerichmond.com
Date Published03/22/2017
Author NameJohn Reid Blackwell
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

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) reshoredpaper
What domestic positive factors made reshoring more attractive?Government Incentives
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