$100M Expansion in Tennessee Fueled by Increased Automotive Demand

URLhttps://news.thomasnet.com/featured/-100m-expansio
Sourcethomasnet.com
Date Published02/21/2019
Author NameJeff Reinke
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Company/Division name Arconic
Parent companyArconic
Type of work Manufacturing
Reshoring category:Reshoring
Total number of jobs (added or to be added):70
Year reshoring announced:2019
Year reshoring implemented or to be implemented:2020
Domestically, the work will be done:In-house
Capital investment ($):100
City reshored to:Alcoa
State(s) reshored to:TN
If relevant, work nearshored to:-
Industry(ies):Primary Metal Products (not including Foundries and Castings)
Product(s) reshoredindustrial & automotive aluminum products
What non-domestic negative factors made offshoring less attractive?Tariffs
What domestic positive factors made reshoring more attractive?Proximity to customers/market, Other, import replacement; growing domestic demand
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