LG Electronics Breaks Ground On U.S. Home Appliance Factory In Tennessee Set For Completion In Early 2019

URLhttp://markets.businessinsider.com/news/stocks/LG-
SourceMarkets Insider
Date Published08/24/2017
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Company/Division name LG Electronics
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):600
Year reshoring announced:2017
Year reshoring implemented or to be implemented:2019
Domestically, the work will be done:In-house
Country(ies) from which reshored:Korea, Republic of
City reshored to:Clarksville
State(s) reshored to:TN
If relevant, work nearshored to:-
Industry(ies):Electrical Equipment, Appliances & Components
Product(s) reshoredwashing machines
What domestic positive factors made reshoring more attractive?Customer responsiveness improvement, Eco-system synergies, Government Incentives, Infrastructure (transport, internet, power), Lead time/Time to market, Proximity to customers/market, Skilled workforce availability/training
Find Reshoring Articles