Company/Division name | Volvo Group North America |
Parent company | Volvo |
Type of work | Manufacturing |
Reshoring category: | Foreign Direct Investment |
Total number of jobs (added or to be added): | 85 |
Year reshoring announced: | 2019 |
Year reshoring implemented or to be implemented: | 2021 |
Capital investment ($): | 43 |
Country(ies) from which reshored: | Sweden |
City reshored to: | Hagerstown |
State(s) reshored to: | MD |
If relevant, work nearshored to: | - |
Industry(ies): | Machinery |
Product(s) reshored | engines |
What domestic positive factors made reshoring more attractive? | Eco-system synergies, Government Incentives, Proximity to customers/market |