IKO Eyes Hagerstown, Maryland, for Manufacturing Complex

URLhttp://www.areadevelopment.com/newsItems/3-25-2019
SourceArea Development
Date Published03/25/2019
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Company/Division name IKO North America
Parent companyIKO
Type of work Manufacturing
Reshoring category:Foreign Direct Investment
Total number of jobs (added or to be added):40
Year reshoring announced:2019
Year reshoring implemented or to be implemented:2020
Capital investment ($):70
Country(ies) from which reshored:Canada
City reshored to:Hagerstown
State(s) reshored to:MD
If relevant, work nearshored to:-
Industry(ies):Nonmetallic Mineral Products
Product(s) reshoredroofing materials
What domestic positive factors made reshoring more attractive?Eco-system synergies, Infrastructure, Manufacturing/engineering joint innovation (R&D), Proximity to customers/market
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