Auto Industry Supplier Plans $90 Million Indiana Expansion

URLhttps://www.usnews.com/news/best-states/indiana/ar
SourceUS News and World Report
Date Published10/17/2018
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Company/Division name NTN Driveshaft
Type of work Manufacturing
Reshoring category:Foreign Direct Investment
Total number of jobs (added or to be added):100
Year reshoring announced:2018
Year reshoring implemented or to be implemented:2023
Domestically, the work will be done:In-house
Capital investment ($):90
Country(ies) from which reshored:Japan
City reshored to:Colombus
State(s) reshored to:IN
If relevant, work nearshored to:-
Industry(ies):Fabricated Metal Products, Transportation Equipment
Product(s) reshoredforging, mechanical parts and equipment
What domestic positive factors made reshoring more attractive?Government Incentives, Under-utilized capacity
Government Incentive dollar amount:750,000
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