Banking on towels

SourceVirginia Business
Date Published03/02/2018
Author NameTim Thornton

Additional Reshoring Information:

Company/Division name American Merchant
Parent companyMerchant House International
Type of work Manufacturing
If manufacturing, is the company an OEM? Yes
Reshoring category:Foreign Direct Investment
Total number of jobs (added or to be added):400
Year reshoring announced:2017
Year reshoring implemented or to be implemented:2018
Domestically, the work will be done:In-house
Capital investment ($):19.9
Country(ies) from which reshored:Hong Kong
City reshored to:Bristol
State(s) reshored to:VA
If relevant, work nearshored to:-
Industry(ies):Apparel & Textiles
Product(s) reshoredTowels
What domestic positive factors made reshoring more attractive?Automation/technology, Government Incentives, Raw Materials Cost, Proximity to suppliers
Government Incentive dollar amount:890000
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