JTEKT North America investing $50M in Richland County plant

URLhttps://columbiabusinessreport.com/news/manufactur
SourceColumbia Business Report
Date Published12/05/2018
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Company/Division name Koyo Bearings
Parent companyJTEKT North America
Type of work Manufacturing
If manufacturing, is the company a contract manufacturer?Yes
Reshoring category:Foreign Direct Investment
Year reshoring announced:2018
Year reshoring implemented or to be implemented:2023
Domestically, the work will be done:In-house
Capital investment ($):50
Country(ies) from which reshored:Japan
City reshored to:Richland County
State(s) reshored to:SC
If relevant, work nearshored to:-
Industry(ies):Transportation Equipment
Product(s) reshoredAutomotive bearings
What domestic positive factors made reshoring more attractive?Eco-system synergies, Skilled workforce availability/training
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