Company/Division name | Sumitomo Machinery Corporation of America (SMA) |
Parent company | Sumitomo Heavy Industries 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): | 246 |
Capital investment ($): | 10 |
Country(ies) from which reshored: | Japan |
City reshored to: | Hampton Roads |
State(s) reshored to: | VA |
If relevant, work nearshored to: | - |
Industry(ies): | Transportation Equipment |
Product(s) reshored | transmissions |
What domestic positive factors made reshoring more attractive? | Government Incentives, Infrastructure (transport, internet, power), Skilled workforce availability/training |