Honda announces $54.8 million expansion in Lincoln

URLhttps://www.al.com/news/anniston-gadsden/index.ssf
Sourceal.com
Date Published07/23/2018
Author NameWilliam Thornton
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Company/Division name Honda Manufacturing of Alabama
Parent companyHonda
Type of work Manufacturing
Reshoring category:Foreign Direct Investment
Year reshoring announced:2017
Capital investment ($):54.8
Country(ies) from which reshored:Japan
City reshored to:Lincoln
State(s) reshored to:AL
If relevant, work nearshored to:-
Industry(ies):Transportation Equipment
Product(s) reshoredauto
What domestic positive factors made reshoring more attractive?Eco-system synergies, Government Incentives, Higher productivity, Infrastructure, Impact on domestic economy, Proximity to customers/market
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