Company/Division name | Magna Electronics |
Parent company | Magna International |
Type of work | Manufacturing |
If manufacturing, is the company a contract manufacturer? | Yes |
Reshoring category: | Kept from Offshoring |
Total number of jobs (added or to be added): | 600 |
Year reshoring announced: | 2019 |
Capital investment ($): | 50 |
City reshored to: | Grand Blanc Township |
State(s) reshored to: | MI |
If relevant, work nearshored to: | - |
Industry(ies): | Electrical Equipment, Appliances & Components |
Product(s) reshored | flexible micro-LED lights |
What domestic positive factors made reshoring more attractive? | Automation/technology, Infrastructure, Image/brand, Lead time/Time to market, Lean/other business process improvement techniques, Proximity to customers/market |