$43M, more than 80 jobs coming to Volvo plant

URLhttps://www.heraldmailmedia.com/instant/m-more-tha
SourceHerald Mail Media
Date Published07/09/2019
Author NameMike Lewis
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Company/Division name Volvo Group North America
Parent companyVolvo
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) reshoredengines
What domestic positive factors made reshoring more attractive?Eco-system synergies, Government Incentives, Proximity to customers/market
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