Company/Division name | Taeyang Metal Industrial Co. Ltd |
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): | 76 |
Year reshoring announced: | 2017 |
Year reshoring implemented or to be implemented: | 2018 |
Capital investment ($): | 15.6 |
Country(ies) from which reshored: | Korea, Republic of |
City reshored to: | Franklin |
State(s) reshored to: | KY |
If relevant, work nearshored to: | - |
Industry(ies): | Transportation Equipment |
Product(s) reshored | Fasteners and cold-rolled steel products for autos |
What domestic positive factors made reshoring more attractive? | Government Incentives, Proximity to customers/market, Skilled workforce availability/training |
Government Incentive dollar amount: | $2,000,000 in tax incentives |