Company/Division name | Layn USA, Inc. |
Parent company | Guilin Layn Natural Ingredients Corp. |
Type of work | Manufacturing |
Reshoring category: | Foreign Direct Investment |
Year reshoring announced: | 2019 |
Year reshoring implemented or to be implemented: | 2020 |
Capital investment ($): | 60 |
Country(ies) from which reshored: | China |
If relevant, work nearshored to: | - |
Industry(ies): | Chemicals |
Product(s) reshored | hemp-derived CBD |
What domestic positive factors made reshoring more attractive? | Automation/technology, Proximity to customers/market, Raw Materials Cost |