Company/Division name | Philips Medical Systems |
Parent company | Koninklijke Philips NV |
Type of work | Manufacturing |
Reshoring category: | Foreign Direct Investment |
Total number of jobs (added or to be added): | 94 |
Year reshoring announced: | 2019 |
Capital investment ($): | 13.2 |
Country(ies) from which reshored: | Netherlands |
City reshored to: | Latham |
State(s) reshored to: | NY |
If relevant, work nearshored to: | - |
Industry(ies): | Computer & Electronic Products |
Product(s) reshored | MRI components |
What domestic positive factors made reshoring more attractive? | Government Incentives, Skilled workforce availability/training, Other, expansion |
Government Incentive dollar amount: | $1 million |