Japan auto speaker manufacturer to put high-tech factory in El Paso, create 40 jobs

URLhttps://www.elpasotimes.com/story/money/business/2
SourceEl Paso Times
Date Published12/17/2018
Author NameVic Kolenc
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Company/Division name Foster Electric
Parent companyFoster Electric
Type of work Manufacturing
Reshoring category:Foreign Direct Investment
Total number of jobs (added or to be added):40
Year reshoring announced:2018
Year reshoring implemented or to be implemented:2020
Country(ies) from which reshored:Japan
City reshored to:El Paso
State(s) reshored to:TX
If relevant, work nearshored to:-
Industry(ies):Electrical Equipment, Appliances & Components
Product(s) reshoredautomotive speakers
What domestic positive factors made reshoring more attractive?Eco-system synergies, Proximity to customers/market, Skilled workforce availability/training
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