Company/Division name | Stonepeak Ceramics Inc |
Parent company | Iris Ceramica |
Type of work | Manufacturing |
Reshoring category: | Foreign Direct Investment |
Total number of jobs (added or to be added): | 160 |
Year reshoring announced: | 2018 |
Year reshoring implemented or to be implemented: | 2023 |
Capital investment ($): | 70 |
Country(ies) from which reshored: | Italy |
City reshored to: | Crossville |
State(s) reshored to: | TN |
If relevant, work nearshored to: | - |
Industry(ies): | Nonmetallic Mineral Products |
Product(s) reshored | porcelain tile |
What non-domestic negative factors made offshoring less attractive? | Travel cost/time |
What domestic positive factors made reshoring more attractive? | Eco-system synergies, Government Incentives, Higher productivity, Impact on domestic economy, Lead time/Time to market, Proximity to customers/market, Skilled workforce availability/training, Under-utilized capacity |