Company/Division name | Magna International |
Parent company | Magna International, Inc. |
Type of work | Manufacturing |
Reshoring category: | Foreign Direct Investment |
Total number of jobs (added or to be added): | 300 |
Year reshoring announced: | 2019 |
Capital investment ($): | 14.5 |
Country(ies) from which reshored: | Canada |
City reshored to: | Lancaster |
State(s) reshored to: | OH |
If relevant, work nearshored to: | - |
Industry(ies): | Transportation Equipment |
Product(s) reshored | automotive seats |
What domestic positive factors made reshoring more attractive? | Government Incentives, Proximity to customers/market |