Advanced Power AG Closes Financing of $1.3 Billion Electric Generating Facility Near Wellsville, Columbiana County, Ohio

SourceAdvanced Power
Date Published08/23/2018
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Company/Division name Advanced Power AG
Parent companyAdvanced Power AG
Type of work Manufacturing
If manufacturing, is the company a contract manufacturer?Yes
Reshoring category:Foreign Direct Investment
Year reshoring announced:2018
Year reshoring implemented or to be implemented:2021
Capital investment ($):1300
Country(ies) from which reshored:Switzerland
City reshored to:Columbiana County
State(s) reshored to:OH
If relevant, work nearshored to:-
Product(s) reshorednatural gas electric energy plant
What domestic positive factors made reshoring more attractive?Automation/technology, Eco-system synergies, Raw Materials Cost, U.S. price of natural gas/chemicals/electricity
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