Fabricators Use $2M Package to Expand in NC

SourceThomas Publishing
Date Published07/05/2018
Author NameJeff Reinke
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Company/Division name Amada America Inc
Parent companyAmada Co
Type of work Manufacturing
Reshoring category:Foreign Direct Investment
Total number of jobs (added or to be added):201
Year reshoring announced:2018
Offshore, work was done:In-house
Capital investment ($):87
Country(ies) from which reshored:Japan
City reshored to:High Point
State(s) reshored to:NC
If relevant, work nearshored to:-
Product(s) reshoredhigh-precision press break bending equipment
What domestic positive factors made reshoring more attractive?Government Incentives, Proximity to customers/market
Government Incentive dollar amount:$2 Million
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