China's Wellmei to invest $1.9M, create 71 jobs in US

URLhttps://www.plasticsnews.com/article/20190117/NEWS
Sourceplasticsnews.com
Date Published01/17/2019
Author NameDustin Walsh
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Company/Division name Wellmei U.S. Inc.
Parent companyWellmei Holding Co. Ltd.
Type of work Manufacturing
Reshoring category:Foreign Direct Investment
Total number of jobs (added or to be added):71
Year reshoring announced:2019
Capital investment ($):1.9
Country(ies) from which reshored:China
City reshored to:Troy
State(s) reshored to:MI
If relevant, work nearshored to:-
Industry(ies):Machinery
Product(s) reshoredinjection molding systems
What non-domestic negative factors made offshoring less attractive?Tariffs
What domestic positive factors made reshoring more attractive?Government Incentives, Proximity to customers/market
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