Company/Division name | Magnitude 7 Metals |
Parent company | Magnitude 7 Metals |
Type of work | Manufacturing |
Reshoring category: | Reshoring |
Total number of jobs (added or to be added): | 465 |
Year reshoring announced: | 2018 |
Year reshoring implemented or to be implemented: | 2018 |
Domestically, the work will be done: | In-house |
City reshored to: | New Madrid |
State(s) reshored to: | MO |
If relevant, work nearshored to: | - |
Industry(ies): | Primary Metal Products (not including Foundries and Castings) |
Product(s) reshored | aluminum plant |
What domestic positive factors made reshoring more attractive? | Government Incentives, Raw Materials Cost, Under-utilized capacity, Trump Tariffs |