$40 million expansion at IHI announced

SourceEffingham Daily News
Date Published08/17/2018
Author NameDawn Schabbing
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Company/Division name IHI Turbo America
Parent companyIHI
Type of work Manufacturing
If manufacturing, is the company a contract manufacturer?Yes
Reshoring category:Foreign Direct Investment
Total number of jobs (added or to be added):90
Year reshoring announced:2018
Year reshoring implemented or to be implemented:2022
Capital investment ($):40
Country(ies) from which reshored:Japan
City reshored to:Shelbyville
State(s) reshored to:IL
If relevant, work nearshored to:-
Product(s) reshoredturbochargers
What domestic positive factors made reshoring more attractive?Eco-system synergies, Government Incentives, Image/brand, Skilled workforce availability/training
Government Incentive dollar amount:2
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