Company/Division name | LG Electronics |
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): | 292 |
Year reshoring announced: | 2017 |
Year reshoring implemented or to be implemented: | 2018 |
Capital investment ($): | 25 |
Country(ies) from which reshored: | Korea, Republic of |
City reshored to: | Hazel Park |
State(s) reshored to: | MI |
If relevant, work nearshored to: | - |
Industry(ies): | Transportation Equipment |
Product(s) reshored | Electric Vehicle Components |
What domestic positive factors made reshoring more attractive? | Automation/technology, Government Incentives, Lean/other business process improvement techniques, Proximity to customers/market |
Government Incentive dollar amount: | 2.9 million capital grant |