Manufacturing company to expand in Chesapeake

URLhttp://wavy.com/2018/01/11/manufacturing-company-t
Sourcewavy.com
Date Published01/11/2018
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

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) reshoredtransmissions
What domestic positive factors made reshoring more attractive?Government Incentives, Infrastructure (transport, internet, power), Skilled workforce availability/training
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