Sumitomo Machinery Investing $10M In Virginia Expansion

SourceBusiness Facilities
Date Published01/22/2018
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Company/Division name Sumitomo Machinery Corporation of America (SMA)
Type of work Manufacturing
Reshoring category:Foreign Direct Investment
Total number of jobs (added or to be added):26
Year reshoring announced:2017
Domestically, the work will be done:In-house
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) reshoredgearmotors and gear reducers
What domestic positive factors made reshoring more attractive?Eco-system synergies, Infrastructure (transport, internet, power), Skilled workforce availability/training
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