State panel OKs $40.5M bond for Orangeburg tire plant

URLhttp://columbiabusinessreport.com/news/manufacturi
Sourcecolumbiabusinessreport.com
Date Published06/14/2017
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Company/Division name Wanli Tire
Type of work Manufacturing
Reshoring category:Foreign Direct Investment
Total number of jobs (added or to be added):400
What product(s) and/or service(s) were outsourced domestically?Manufacturing
Year reshoring announced:2017
Year reshoring implemented or to be implemented:2017
Offshore, work was done:In-house
Domestically, the work will be done:In-house
Capital investment ($):400
Country(ies) from which reshored:China
State(s) reshored to:SC
If relevant, work nearshored to:-
Industry(ies):Plastic & Rubber Products
Product(s) reshoredTires
What domestic positive factors made reshoring more attractive?Government Incentives
Government Incentive dollar amount:40.5 million
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