Automotive supplier Taeyang to establish 76-Job Facility in Franklin

SourceThe Ohio County Monitor
Date Published11/19/2017
Author NameLee Bratcher
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Company/Division name Taeyang Metal Industrial Co. Ltd
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):76
Year reshoring announced:2017
Year reshoring implemented or to be implemented:2018
Capital investment ($):15.6
Country(ies) from which reshored:Korea, Republic of
City reshored to:Franklin
State(s) reshored to:KY
If relevant, work nearshored to:-
Industry(ies):Transportation Equipment
Product(s) reshoredFasteners and cold-rolled steel products for autos
What domestic positive factors made reshoring more attractive?Government Incentives, Proximity to customers/market, Skilled workforce availability/training
Government Incentive dollar amount:$2,000,000 in tax incentives
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