Swedish-Based Gnotec Group Establishes Manufacturing Center in Orangeburg County, South Carolina

URLhttp://www.areadevelopment.com/newsItems/11-9-2018
SourceArea Development
Date Published11/09/2018
Author NameArea Development News Desk
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Company/Division name Gnotec Group
Parent companyGnotec Group
Type of work Manufacturing
If manufacturing, is the company a contract manufacturer?Yes
Reshoring category:Foreign Direct Investment
Total number of jobs (added or to be added):78
Year reshoring announced:2018
Year reshoring implemented or to be implemented:2019
Capital investment ($):5.9
Country(ies) from which reshored:Sweden
City reshored to:Orangeburg County
State(s) reshored to:SC
If relevant, work nearshored to:-
Industry(ies):Transportation Equipment
Product(s) reshoredmetal components for vehicles
What domestic positive factors made reshoring more attractive?Eco-system synergies, Government Incentives, Infrastructure, Impact on domestic economy, Proximity to customers/market, Skilled workforce availability/training
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