Company/Division name | Stratus Plastics KY LLC |
Parent company | Stratus Plastics International, Inc. |
Type of work | Manufacturing |
If manufacturing, is the company a contract manufacturer? | Yes |
Reshoring category: | Foreign Direct Investment |
Total number of jobs (added or to be added): | 29 |
Year reshoring announced: | 2017 |
Capital investment ($): | 4 |
Country(ies) from which reshored: | Canada |
City reshored to: | Morgantown |
State(s) reshored to: | KY |
If relevant, work nearshored to: | - |
Industry(ies): | Plastic & Rubber Products |
Product(s) reshored | Injection molding parts for automakers |
What domestic positive factors made reshoring more attractive? | Customer responsiveness improvement, Government Incentives, Lead time/Time to market, Proximity to customers/market, Skilled workforce availability/training |
Government Incentive dollar amount: | $480,000 in tax incentives |