Foreign firm to invest $48M, create 50 jobs in Spartanburg County

Date Published05/17/2018
Author NameBob Montgomery
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Company/Division name Huvis Indorama Advanced Materials
Parent companyIndorama Resources Ltd.
Type of work Manufacturing
Reshoring category:Foreign Direct Investment
Total number of jobs (added or to be added):50
Year reshoring announced:2018
Capital investment ($):48
Country(ies) from which reshored:Korea, Republic of,Thailand
City reshored to:Spartanburg
State(s) reshored to:SC
If relevant, work nearshored to:-
Product(s) reshoredlow-melting fiber
What domestic positive factors made reshoring more attractive?Government Incentives
Government Incentive dollar amount:$735,000 in special revenue credits
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