Company/Division name | Lenzing AG |
Parent company | Lenzig Group |
Type of work | Manufacturing |
Reshoring category: | Foreign Direct Investment |
Total number of jobs (added or to be added): | 163 |
Year reshoring announced: | 2018 |
Year reshoring implemented or to be implemented: | 2019 |
Capital investment ($): | 293 |
Country(ies) from which reshored: | Austria |
City reshored to: | Axis |
State(s) reshored to: | AL |
If relevant, work nearshored to: | - |
Industry(ies): | Apparel & Textiles |
Product(s) reshored | lyocell fibers |
What non-domestic negative factors made offshoring less attractive? | Travel cost/time |
What domestic positive factors made reshoring more attractive? | Customer responsiveness improvement, Image/brand, Lead time/Time to market, Proximity to customers/market, Under-utilized capacity |