Company/Division name | Orotex |
Parent company | Iida Industry Co, Ltd |
Type of work | Manufacturing |
If manufacturing, is the company a contract manufacturer? | Yes |
Reshoring category: | Foreign Direct Investment |
Year reshoring announced: | 2018 |
Capital investment ($): | 10.3 |
Country(ies) from which reshored: | Japan |
City reshored to: | Novi |
State(s) reshored to: | MI |
If relevant, work nearshored to: | - |
Industry(ies): | Transportation Equipment |
Product(s) reshored | soundproofing and vibration systems for autos |
What domestic positive factors made reshoring more attractive? | Eco-system synergies, Government Incentives, Infrastructure (transport, internet, power), Proximity to customers/market |
Government Incentive dollar amount: | .25 |