URL | http://www.areadevelopment.com/newsitems/5-18-2018 |
Source | Area Development |
Date Published | 05/18/2018 |
Mentions specific company case(s) of reshoring, kept from offshoring, or transplant | Yes |
Company/Division name | Koyo Bearings |
Parent company | JTEKT North America |
Type of work | Manufacturing |
Reshoring category: | Foreign Direct Investment |
Total number of jobs (added or to be added): | 56 |
Capital investment ($): | 19.4 |
Country(ies) from which reshored: | Japan |
City reshored to: | West Union |
State(s) reshored to: | SC |
If relevant, work nearshored to: | - |
Industry(ies): | Transportation Equipment |
Product(s) reshored | bearings for autos |
What domestic positive factors made reshoring more attractive? | Eco-system synergies, Government Incentives, Infrastructure, Impact on domestic economy, Manufacturing/engineering joint innovation (R&D), Skilled workforce availability/training, Under-utilized capacity |