Stonepeak Ceramics Plans $70 Million Expansion at Crossville, Tennessee, Plant

URLhttp://www.areadevelopment.com/newsItems/9-14-2018
SourceArea Development
Date Published09/14/2018
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Company/Division name Stonepeak Ceramics Inc
Parent companyIris 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) reshoredporcelain 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
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