Taeyang Metal Industrial Plans Manufacturing Plant In Franklin, Kentucky

URLTaeyang Metal Industrial Plans Manufacturing Plant
SourceArea Development
Date Published11/20/2017
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Company/Division name Taeyang Metal Industrial Co. Ltd.
Parent companyTaeyang Metal Industrial Co. Ltd.
If manufacturing, is the company a contract manufacturer?Yes
Reshoring category:Foreign Direct Investment
Total number of jobs (added or to be added):76
Year reshoring announced:2016
Year reshoring implemented or to be implemented:2018
Capital investment ($):15.6
Country(ies) from which reshored:Korea, Republic of
City reshored to:Franklin
State(s) reshored to:KY
If relevant, work nearshored to:-
Industry(ies):Castings/Foundries - Subset of Primary Metal Products, Transportation Equipment
What domestic positive factors made reshoring more attractive?Government Incentives, Impact on domestic economy, Proximity to customers/market
Government Incentive dollar amount:2
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