FOMAS Expands Steel Rolled Rings Plant in York, South Carolina

SourceArea Development
Date Published01/31/2018
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Company/Division name FOMAS, Inc
Parent companyFOMAS Group
Type of work Manufacturing
Reshoring category:Foreign Direct Investment
Year reshoring announced:2018
Capital investment ($):2.5
Country(ies) from which reshored:Italy
City reshored to:York
State(s) reshored to:SC
If relevant, work nearshored to:-
Industry(ies):Fabricated Metal Products
Product(s) reshoredsteel rolled rings
What domestic positive factors made reshoring more attractive?Customer responsiveness improvement, Government Incentives, Impact on domestic economy
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