Toyota Boshoku America Chooses Athens, Alabama, for Manufacturing Complex

URLhttp://www.areadevelopment.com/newsItems/4-11-2019
SourceArea Development
Date Published04/11/2019
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Company/Division name Toyota Boshoku America
Parent companyToyota Boshoku Corp
Type of work Manufacturing
If manufacturing, is the company a contract manufacturer?Yes
Reshoring category:Foreign Direct Investment
Total number of jobs (added or to be added):400
Year reshoring announced:2019
Year reshoring implemented or to be implemented:2021
Capital investment ($):50
Country(ies) from which reshored:Japan
City reshored to:Athens
State(s) reshored to:AL
If relevant, work nearshored to:-
Industry(ies):Transportation Equipment
Product(s) reshoredautomotive supplier
What domestic positive factors made reshoring more attractive?Automation/technology, Eco-system synergies, Government Incentives, Infrastructure, Proximity to customers/market
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