Korean Manufacturer Opens New Plant in Indiana

SourceHuffington Post
Date Published12/26/2017
Author NameHeejae Park
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Company/Division name Pohang Iron and Steel Company (POSCO)
Parent companyPohang Iron and Steel Company (POSCO)
Type of work Manufacturing
If manufacturing, is the company a contract manufacturer?Yes
Reshoring category:Foreign Direct Investment
Total number of jobs (added or to be added):60
Year reshoring announced:2017
Year reshoring implemented or to be implemented:2018
Country(ies) from which reshored:Korea, Republic of
City reshored to:Jeffersonville
State(s) reshored to:IN
If relevant, work nearshored to:-
Industry(ies):Primary Metal Products (not including Foundries and Castings)
Product(s) reshoredfasteners, bolts, nuts
What domestic positive factors made reshoring more attractive?Government Incentives, Infrastructure (transport, internet, power), Proximity to customers/market
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