New aluminum smelter to open in New Madrid

SourceSoutheast Missourian
Date Published03/07/2018
Author NameMark Bliss
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Company/Division name Magnitude 7 Metal
Parent companyMagnitude 7 Metal
Type of work Manufacturing
Reshoring category:Foreign Direct Investment
Total number of jobs (added or to be added):400
Country(ies) from which reshored:Switzerland
City reshored to:New Madrid
State(s) reshored to:MO
If relevant, work nearshored to:-
Industry(ies):Primary Metal Products (not including Foundries and Castings)
Product(s) reshoredaluminum smelter
What domestic positive factors made reshoring more attractive?Government Incentives, Skilled workforce availability/training, Under-utilized capacity
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