European wood products company to bring 100s of jobs to Davidson County

URLhttp://www.charlotteobserver.com/news/business/art
SourceThe Charlotte Observer
Date Published07/24/2017
Author NameTaylor Blatchford
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Company/Division name EGGER Wood Products
Type of work Manufacturing
If manufacturing, is the company an OEM? Yes
Reshoring category:Foreign Direct Investment
Total number of jobs (added or to be added):400
Year reshoring announced:2017
Year reshoring implemented or to be implemented:2023
Offshore, work was done:In-house
Domestically, the work will be done:In-house
Capital investment ($):700
Country(ies) from which reshored:Austria
City reshored to:Davidson County
State(s) reshored to:NC
If relevant, work nearshored to:-
Industry(ies):Wood & Paper Products
Product(s) reshoredWood-based products
What domestic positive factors made reshoring more attractive?Government Incentives, Proximity to customers/market
Government Incentive dollar amount:$5.3 million Job Development Investment Grant
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