Company/Division name | Samsung SDI America |
Parent company | Samsung SDI Co., Ltd. |
Type of work | Manufacturing |
Reshoring category: | Foreign Direct Investment |
Total number of jobs (added or to be added): | 461 |
Year reshoring announced: | 2018 |
Year reshoring implemented or to be implemented: | 2024 |
Capital investment ($): | 62.7 |
Country(ies) from which reshored: | Korea, Republic of |
City reshored to: | Auburn Hills |
State(s) reshored to: | MI |
If relevant, work nearshored to: | - |
Industry(ies): | Electrical Equipment, Appliances & Components |
Product(s) reshored | auto battery packs |
What domestic positive factors made reshoring more attractive? | Government Incentives, Impact on domestic economy, Proximity to customers/market, Under-utilized capacity |
Government Incentive dollar amount: | 10 |