Daikin Applied plans expansion north of Faribault

SourceStar Tribune
Date Published05/17/2018
Author NameDee DePass
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Company/Division name Daikin Applied North America
Parent companyDaikin Industries
Type of work Manufacturing
Reshoring category:Foreign Direct Investment
Total number of jobs (added or to be added):200
Year reshoring announced:2018
Capital investment ($):9
Country(ies) from which reshored:Japan
City reshored to:Faribault
State(s) reshored to:MN
If relevant, work nearshored to:-
Product(s) reshoredHVAC
What domestic positive factors made reshoring more attractive?Eco-system synergies, Government Incentives, Infrastructure, Impact on domestic economy, Proximity to customers/market, Skilled workforce availability/training, Under-utilized capacity
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