Spain-Based Truck & Wheel Group Plans Vance, Alabama Manufacturing Plant

URLhttp://www.areadevelopment.com/newsItems/3-13-2018
SourceArea Development
Date Published03/13/2018
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Company/Division name Truck & Wheel Group
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):70
Year reshoring announced:2018
Year reshoring implemented or to be implemented:2018
Domestically, the work will be done:In-house
Capital investment ($):30
Country(ies) from which reshored:Spain
City reshored to:Vance
State(s) reshored to:AL
If relevant, work nearshored to:-
Industry(ies):Transportation Equipment
Product(s) reshoredWheels
What domestic positive factors made reshoring more attractive?Automation/technology, Eco-system synergies, Proximity to customers/market
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