Battery maker Akasol plans $40M Michigan plant

URLhttps://www.plasticsnews.com/news/battery-maker-ak
SourcePlastics News
Date Published06/26/2019
Author NameDustin Walsh
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Company/Division name Akasol Inc
Parent companyAkasol AG
Type of work Manufacturing
Reshoring category:Foreign Direct Investment
Total number of jobs (added or to be added):224
Year reshoring announced:2019
Year reshoring implemented or to be implemented:2020
Capital investment ($):40
Country(ies) from which reshored:Germany
City reshored to:Hazel Park
State(s) reshored to:MI
If relevant, work nearshored to:-
Industry(ies):Electrical Equipment, Appliances & Components
Product(s) reshoredlithium-ion batteries
What domestic positive factors made reshoring more attractive?Eco-system synergies, Government Incentives, Proximity to customers/market
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