Taiwanese-backed manufacturer to expand in New Mexico

URLhttp://www.ccenterdispatch.com/news/state/article_
SourceThe Clay Center Dispatch/AP
Date Published12/12/2018
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Company/Division name Admiral Cable
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):340
Year reshoring announced:2018
Year reshoring implemented or to be implemented:2020
Domestically, the work will be done:In-house
Capital investment ($):50
Country(ies) from which reshored:China,Taiwan, Province of China
City reshored to:Santa Teresa
State(s) reshored to:NM
If relevant, work nearshored to:-
Industry(ies):Electrical Equipment, Appliances & Components
Product(s) reshoredElectrical cords and power supplies, wires, cables
What domestic positive factors made reshoring more attractive?Government Incentives
Government Incentive dollar amount:4000000
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