Volvo Investing Another $520M In South Carolina

URLhttps://businessfacilities.com/2017/10/volvo-inves
SourceBusiness Facilities
Date Published10/03/2017
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Company/Division name Volvo
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):1910
Year reshoring announced:2017
Year reshoring implemented or to be implemented:2018
Domestically, the work will be done:In-house
Capital investment ($):520
Country(ies) from which reshored:Sweden
City reshored to:Charleston
State(s) reshored to:SC
If relevant, work nearshored to:-
Industry(ies):Transportation Equipment
Product(s) reshoredautomobiles
What domestic positive factors made reshoring more attractive?Automation/technology, Eco-system synergies, Government Incentives, Infrastructure (transport, internet, power), Proximity to customers/market, Skilled workforce availability/training
Government Incentive dollar amount:3.5 million for infrastructure
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