Sumitomo Machinery Corporation of America Expands Chesapeake, Virginia, Plant

SourceArea Development
Date Published01/12/2018
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Company/Division name Sumitomo Machinery Corporation of America (SMA)
Parent companySumitomo Heavy Industries
Reshoring category:Foreign Direct Investment
Total number of jobs (added or to be added):246
Year reshoring announced:2017
Year reshoring implemented or to be implemented:2018
Capital investment ($):10
Country(ies) from which reshored:Japan
City reshored to:Chesapeake
State(s) reshored to:VA
If relevant, work nearshored to:-
Product(s) reshoredmachinery
What domestic positive factors made reshoring more attractive?Government Incentives, Infrastructure (transport, internet, power), Skilled workforce availability/training
Find Reshoring Articles