Manufacturer to invest $12 million for new facility in Covington, create 31 jobs

SourceThe Roanoke Times
Date Published06/04/2018
Author NameAlison Graham
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Company/Division name SchaeferRolls Inc.
Parent companySchäferRolls GmbH & Co. KG
Type of work Manufacturing
Reshoring category:Foreign Direct Investment
Total number of jobs (added or to be added):31
Year reshoring announced:2018
Year reshoring implemented or to be implemented:2021
Capital investment ($):12
Country(ies) from which reshored:Germany
City reshored to:Covington
State(s) reshored to:VA
If relevant, work nearshored to:-
Industry(ies):Plastic & Rubber Products
Product(s) reshoredPolymer-based roll covers
What domestic positive factors made reshoring more attractive?Automation/technology, Customer responsiveness improvement, Eco-system synergies, Government Incentives, Higher productivity, Infrastructure, Impact on domestic economy, Labor concessions, Lead time/Time to market, Lean/other business process improvement techniques, Proximity to customers/market, Skilled workforce availability/training, Other, Sales and use tax exemptions
Government Incentive dollar amount:$100,000
Find Reshoring Articles