Company/Division name | hago Automotive Corp. |
Parent company | hago Automotive Corp. |
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): | 60 |
Year reshoring announced: | 2018 |
Domestically, the work will be done: | In-house |
Capital investment ($): | 4 |
Country(ies) from which reshored: | Germany |
City reshored to: | Iuka |
State(s) reshored to: | MS |
If relevant, work nearshored to: | - |
Industry(ies): | Fabricated Metal Products |
Product(s) reshored | automated stamping, transfer stamping, laser and c |
What domestic positive factors made reshoring more attractive? | Eco-system synergies, Government Incentives, Infrastructure, Proximity to customers/market |
Government Incentive dollar amount: | $500,000 grant for infrastructure, $3 million loan |