Company/Division name | LG Appliance |
Parent company | LG Home Appliance and Air Solutions Company |
Type of work | Manufacturing |
If manufacturing, is the company an OEM? | Yes |
Reshoring category: | Foreign Direct Investment |
Total number of jobs (added or to be added): | 550 |
Year reshoring implemented or to be implemented: | 2019 |
Capital investment ($): | 360 |
Country(ies) from which reshored: | Korea, Republic of |
City reshored to: | Clarksville |
State(s) reshored to: | TN |
If relevant, work nearshored to: | - |
Industry(ies): | Electrical Equipment, Appliances & Components |
Product(s) reshored | washing machines |
What domestic positive factors made reshoring more attractive? | Automation/technology, Eco-system synergies, Government Incentives, Higher productivity, Lead time/Time to market, Manufacturing/engineering joint innovation (R&D), Proximity to customers/market |