Korean auto parts maker lands plant in Franklin

SourceBowling Green Daily News
Date Published11/25/2017
Author NameDon Sergent
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Company/Division name Taeyang Metal Industrial Company
Type of work Manufacturing
Reshoring category:Foreign Direct Investment
Total number of jobs (added or to be added):70
Year reshoring announced:2017
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):Transportation Equipment
Product(s) reshoredfasteners and cold-rolled steel products
What domestic positive factors made reshoring more attractive?Government Incentives
Government Incentive dollar amount:2 million
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