LG Cuts Ribbon At New $360M Appliance Manufacturing Facility

URLhttps://www.twice.com/product/lg-cuts-ribbon-at-ne
SourceTWICE
Date Published05/30/2019
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Company/Division name LG Appliance
Parent companyLG 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) reshoredwashing 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
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