Draexlmaier completes $42.7M expansion

URLhttps://gsabusiness.com/news/manufacturing/75653/
SourceGSA business
Date Published12/04/2018
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Company/Division name DRÄXLMAIER Group
Type of work Manufacturing
Reshoring category:Foreign Direct Investment
Total number of jobs (added or to be added):460
Year reshoring announced:2018
Domestically, the work will be done:In-house
Capital investment ($):42.7
Country(ies) from which reshored:Germany
City reshored to:Duncan
State(s) reshored to:SC
If relevant, work nearshored to:-
Industry(ies):Transportation Equipment
Product(s) reshoredinteriors for automobiles and plastic components
What domestic positive factors made reshoring more attractive?Government Incentives, Proximity to customers/market, Skilled workforce availability/training, growing US demand
Government Incentive dollar amount:$500,000
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