Company/Division name | Sumitomo Machinery Corporation of America (SMA) |
Type of work | Manufacturing |
Reshoring category: | Foreign Direct Investment |
Total number of jobs (added or to be added): | 26 |
Year reshoring announced: | 2017 |
Domestically, the work will be done: | In-house |
Capital investment ($): | 10 |
Country(ies) from which reshored: | Japan |
City reshored to: | Chesapeake |
State(s) reshored to: | VA |
If relevant, work nearshored to: | - |
Industry(ies): | Machinery |
Product(s) reshored | gearmotors and gear reducers |
What domestic positive factors made reshoring more attractive? | Eco-system synergies, Infrastructure (transport, internet, power), Skilled workforce availability/training |